Service Role in Economy after Poland’s EU Accession

Vii. Enhancing Income Convergence in Central Europe after Eu Accession

Farm expansion in Lithuania after accession to the EU: The role of CAP payments in alleviating potential credit constraints

The impact of the introduction of EU Single Area Payments (SAP) on farm expansion strategy in Lithuania is investigated, utilizing farm accounting and survey data. The introduction of the SAP has a positive influence on farmers’ intentions to expand their area compared to a baseline scenario of the hypothetical continuation of pre-accession policy. The switch in policy has a more pronounced eff...

What Role do Banks play in Monetary Policy Transmission in EU Accession Countries?

After the accession of the candidate countries to the European Union in 2004, the European Central Bank will need to pursue monetary policy in an enlarged euro zone. I empirically investigate the role of banks in monetary policy transmission in the accession countries. Banks are of major importance for the financing of firms and thus the adjustment of their lending in response to monetary polic...

Eugene Nivorozhkin: Financing choices of firms in EU accession countries

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FDI Penetration and Net Trade in the EU Accession Countries

This paper explores the link between foreign direct investment and trade in a panel of four countries that will accede to the European Union in 2004: Poland, Hungary, the Czech Republic and Slovenia. We augment standard demand-side export and import equations with a measure of FDI penetration. We compare results based on a panel mean-group estimator with a fixed-effects panel model that allows ...