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Assessment of the Central and Eastern Europe Economies in the Years 2007-2010 Based on the Model of the Macroeconomic Stabilization Pentagon

100%

Żuchowska D.

Equilibrium. Quarterly Journal of Economics and Economic Policy

2013

vol. 8

issue 4

49-64

The model of the macroeconomic stabilisation pentagon allows for a quick insight into the most important macroeconomic indicators of an economy in question. On the basis of this concept -comparing pentagrams for particular years - changes of the economic condition of countries can be examined. Moreover, the analysis of each of the adopted criteria allows for the evaluation of achievement of particular goals by a country in terms of its economic policy. The aim of this article is to describe the condition of Central and Eastern Europe countries in the years 2007-2010. The economies analysed were compared at two levels. The first level concerned the macroeconomic situation of all economies in particular years just before and during the global economic crisis. At the second level, the changes in the analysed indicators in particular economies of Central and Eastern Europe were compared. The results of the analysis shall contribute to the formulation of conclusions concerning the influence of the financial crisis upon the macroe-conomic situation of the CEE countries.

Macroeconomic stability in transition economies as an effect of EU membership in light of a comparative analysis

75%

Kotliński K.

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

2020

issue vol. 64, nr 10

31-42

Pre-accession preparations and accession to the European Union were a significant institutional change for the transition countries. Non-EU countries such as Albania, Serbia, Ukraine, Belarus, Georgia and Russia have also undergone economic transition. Are the given macroeconomic results in the Central and Eastern Europe countries the effect of the EU membership or do they just result from the transformation from socialism to a market economy? This research aimed to compare the macroeconomic stability of two groups: the post-socialist EU-member countries vs. the non-EU countries. The method used in the study is a comparative analysis that employs a pentagon model of macroeconomic stabilization. The surveyed countries followed various transformation paths, but the achieved macroeconomic stability indicators are measurable and comparable. The results show that the countries belonging to the EU were characterized as having a higher level of macroeconomic stability.

Przygotowania przedakcesyjne i sama akcesja do Unii Europejskiej były znaczącymi zmianami instytucjonalnymi dla krajów w transformacji. Kraje niebędące członkami UE, takie jak Albania, Serbia, Ukraina, Białoruś, Gruzja i Rosja, również przechodziły transformację systemową. Czy dobre wyniki makroekonomiczne krajów Europy Środkowo-Wschodniej są rezultatem członkostwa w Unii Europejskiej, czy tylko transformacji od socjalizmu do gospodarki rynkowej? Celem badań jest porównanie stabilności makroekonomicznej dwóch grup krajów postsocjalistycznych będących członkami UE i niebędących jej członkami. W badanich posłużono się metodą analizy porównawczej. Wykorzystano metodę pięciokąta stabilności makroekonomicznej. Badane kraje podążały różnymi ścieżkami transformacji, ale użyte wskaźniki stabilności makroekonomicznej są mierzalne i porównywalne. Wyniki badań wskazują, że kraje należące do UE charakteryzują się wyższym poziomem stabilności makroekonomicznej.

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1 Equilibrium. Quarterly Journal of Economics and Economic Policy

1 Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

1 Kotliński K.

1 Żuchowska D.

1 2020

1 2013

Search results

Assessment of the Central and Eastern Europe Economies in the Years 2007-2010 Based on the Model of the Macroeconomic Stabilization Pentagon

Macroeconomic stability in transition economies as an effect of EU membership in light of a comparative analysis