To various degrees, Central and Eastern European countries increased over the last ten years their participation to the world economy, in particular, they accepted the challenge of trade openness and attracted significant foreign direct investment. This paper aims to asses to what extent this major change had a favourable contribution to output growth in this region. Results of a panel data analysis suggest that increased EU integration, reduced import duties and FDI were favourable to development.
CERNAT, L. and VRANCEANU, R. (2001). Globalisation and Growth: New Evidence From Central and Eastern Europe. ESSEC Business School.