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The EU Enlargement And Economic Growth In The CEE New Member Countries

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Executive Summary

In this paper, the authors aim to check whether the EU enlargement contributed to economic growth of ten new member countries from Central and Eastern Europe (CEE-10), including their real convergence towards the EU-15 development level. To this end, they econometrically test the relationships between selected macroeconomic variables linked to the EU enlargement and the rate of economic growth of the CEE-10 countries over the period 1996-2007. The variables comprise: the progress of market or structural reforms, economic freedom, foreign aid, and the FDI inflow.

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