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EU Market Access and Export Performance of Transition Countries

100%
Damijan J., Rojec M.
South East European Journal of Economics and Business
|
2007
|
vol. 2
|
issue 2
31-42
EN
A remarkable upgrading of export performance and a major re-orientation of foreign trade in favour of the EU-15 have been among the most outstanding features of the transition and EU integration processes of former socialist countries from Central, Eastern and South East Europe. This paper looks at the importance of (EU) market access for the upgrading of the export performance of these countries. Based on the empirical approach of Redding and Venables (2003, 2004), and Fugazza (2004), it was found that market access growth represents the main determinant of export growth for transition countries. Additionally, the importance of foreign market access growth for the export growth of transition countries is constantly increasing. Market access growth, in the case of both the NMS-8 (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia) and most of the CC-3 (Bulgaria, Romania and Croatia) occurred predominantly within the EU-15. Better EU-15 market access can largely explain the better export performance of the NMS-8 in comparison to other transition countries.
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Wolność gospodarcza w krajach transformujących się w okresie kryzysu finansowego w latach 2007-2010

75%
Szarzec K.
Studia Ekonomiczne
|
2015
|
vol. 214
188-200
PL
Celem artykułu jest analiza zależności między kryzysem finansowym z lat 2007-2010 a poziomem wolności gospodarczej w krajach transformujących się. Do ana¬lizy wybrano 24 kraje dla okresu 1996-2013. W badaniu zastosowano test Chowa dla zmiennych: indeks wolności gospodarczej i jego trzy subindeksy publikowane przez He-ritage Foundation oraz tempo zmian PKB. Z analizy wynika, że dla panelu krajów trans¬formujących się punkt zwrotny wystąpił dla indeksu wolności gospodarczej i wolności monetarnej w 2008 roku. W przypadku czterech indywidualnych modeli krajów uzyska¬ne rezultaty dały podstawę do wnioskowania o braku stabilności analizowanych parame¬trów w okresie kryzysu lat 2007-2010.
EN
The objective of a paper is to analyze a relationship between financial crisis 2007-2010 and economic freedom in 24 transition countries. Selected variables are: index of economic freedom Heritage Foundation and its three subindexes and GDP growth. Chow test was employed. In a panel of transition countries a structural break was identified in case of index of economic freedom and monetary freedom in 2008. There was a struc¬tural break in the period of 2007-2010 in four models of individual countries.
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