Social and Economic Development in Central and Eastern Europe 2019
DOI: 10.4324/9780429450969-2
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Trajectories of the economic transition in Central and Eastern Europe

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Cited by 5 publications
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“…For comparison, at the time of Greece's accession to the EU in 1981, the similarly calculated local wage level was the equivalent of 58%. At the time of the accession of the Iberian countries in 1986, their average wage level was the equivalent of 48% of West German wages (Orłowski, 2020). That meant a substantial competitive advantage for the new member states, and especially Poland, as a place for locating production, which should lead to dynamic solid effects of integration (shifting investments and output), i.e., a significant increase in foreign investments and then an increase in exports directed to the entire single European market and resulting in a substantial trade surplus.…”
Section: Sources Of Poland's Economic Growth In the Years Of Eu Membe...mentioning
confidence: 99%
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“…For comparison, at the time of Greece's accession to the EU in 1981, the similarly calculated local wage level was the equivalent of 58%. At the time of the accession of the Iberian countries in 1986, their average wage level was the equivalent of 48% of West German wages (Orłowski, 2020). That meant a substantial competitive advantage for the new member states, and especially Poland, as a place for locating production, which should lead to dynamic solid effects of integration (shifting investments and output), i.e., a significant increase in foreign investments and then an increase in exports directed to the entire single European market and resulting in a substantial trade surplus.…”
Section: Sources Of Poland's Economic Growth In the Years Of Eu Membe...mentioning
confidence: 99%
“…That meant a substantial competitive advantage for the new member states, and especially Poland, as a place for locating production, which should lead to dynamic solid effects of integration (shifting investments and output), i.e., a significant increase in foreign investments and then an increase in exports directed to the entire single European market and resulting in a substantial trade surplus. The most important economic benefits for Poland would result from the combination of three factors: unrestricted access to the entire EU market (both due to the abolition of formal obstacles and the elimination of bottlenecks in the transport infrastructure, Kawecka-Wyrzykowska, 2021), cost advantages resulting from lower labor costs (Orłowski, 2020), and finally, increasing investment credibility and decreasing the risk premium (Baldwin, Francois, Portes, 1997).…”
Section: Sources Of Poland's Economic Growth In the Years Of Eu Membe...mentioning
confidence: 99%
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“…The first one was the systemic transformation (from a centrally planned economy to a free market economy) in the early 1990s. Poland, as well as other countries of the former Eastern Bloc, at the beginning of the 1990s were in a deep recession and a decline in industrial production-GDP per capita and PPS in Poland accounted for only 35.7% of the level of Germany [89]. The second was the accession to the EU, which resulted in favorable economic changes in the newly admitted countries [90].…”
Section: Changes In the Agriculture In Poland After Accession To The Eumentioning
confidence: 99%