Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II: Channels of Interaction (Studies in Economic Transition)

Praise for Does EU Membership Facilitate Convergence? The Experience of the EU’s Eastern Enlargement - Volume II
Contents
Notes on Contributors
List of Figures
List of Charts
List of Tables
Chapter 1: Introduction: The Working of the Channels of Interaction Between the EU and the EU11 Member States
	1.1 The Channels of Interaction
	1.2 Looking Forward: Will Rapid Economic Convergence in EU11 Continue?
	1.3 The Corona Crisis and the Future of Convergence in the European Union
	1.4 Structure of Volumes
	References
Part I: Trade and Investment Channels
	Chapter 2: The Economic Impact of Single Market Membership on the EU Enlargement Countries
		2.1 Introduction
		2.2 Some Macroeconomic Trends
		2.3 A Model-Based Counterfactual Analysis
			2.3.1 Effects of Trade Barriers
			2.3.2 Effects of Lower Competition
			2.3.3 Total Effects of the Single Market
		2.4 Concluding Remarks
		References
	Chapter 3: FDI as Force of Convergence in the CESEE Countries
		3.1 Internationalisation in the Early 1990s
		3.2 The FDI and Trade Boom in the Pre-accession Phase
		3.3 The Benefits of EU Membership for FDI
			3.3.1 Benefits of the Single Market
			3.3.2 Benefits of the Customs Union
			3.3.3 Benefits of the Schengen Agreement
			3.3.4 Benefits of Euro Adoption
		3.4 Productivity Growth in the FDI-Intensive Economic Sectors
			3.4.1 Productivity Developments in the CESEE Countries
		3.5 Why Is Foreign Direct Investment so Important for the CESEE Countries?
		3.6 So Why Is FDI Becoming More and More Controversial in the CESEE Countries?
		3.7 Conclusions
		Annex A: Some Basic Figures
		Annex B: Some Tables with Detailed Data
		Annex C: Value Added, Productivity and FDI in NUTS3 Regions
		References
	Chapter 4: The Impact of EU Cohesion Funds on Macroeconomic Developments in the Visegrád Countries After the 2008–2009 Financial Crisis
		4.1 Introduction
		4.2 Literature Review
		4.3 Scope of the Research: Countries and Data
			4.3.1 Visegrád Countries Versus Other EU Member States
		4.4 Methodology
		4.5 Model Results
		4.6 Concluding Remarks
		Appendix A: Summary of Model
		References
	Chapter 5: The Impact of the EU Cohesion Policy Spending: A Model-Based Assessment
		5.1 Introduction
		5.2 Model Description
		5.3 Macroeconomic Impact of Cohesion Spending: 2000–20
		5.4 Conclusions
		Annex A: GDP Effects and Cohesion Policy Expenditures in the EU11 Member States
		Annex B: Model Description
			Households
			Final Goods Production and Public Capital
			Intermediate Production and the R&D Sector
			Human Capital Accumulation
			The Government Budget Constraint
		References
Part II: Finance Channel and Financial Institutions
	Chapter 6: Models of Financial Integration: The Experience of the Baltics and Central Eastern Europe
		6.1 Introduction
		6.2 EU Accession and BCECs’ Banking Sectors
		6.3 Financial Integration and Crisis
		6.4 Fixer Versus Floaters Under Financial Crises
			6.4.1 Price-Based Measures
			6.4.2 Quantity-Based Measures
		6.5 Conclusion
		References
	Chapter 7: 15 Years from the Eastern Enlargement: Financial Integration and Economic Convergence in Europe
		7.1 Introduction
		7.2 Is Europe Different? Convergence of New Member States from the 2004 Enlargement
			7.2.1 Financial Development and Financial Integration
			7.2.2 Capital Flows and Current Account Imbalances
		7.3 The Global Financial Crisis and the Great Recession
		7.4 Evidence from Micro Data: Credit Boom-Bust and Misallocation of Resources
			7.4.1 Econometric Analysis
		7.5 Concluding Remarks
		Appendix: Variables Used in the Econometric Analysis
		References
Part III: Migration Channel and Labour Market Institutions
	Chapter 8: Labour Markets, Demography, Migration and Skills
		8.1 Introduction
		8.2 Labour Market Dynamics and Economic Growth: Longer-Term Patterns Before and After Enlargement
		8.3 Sectoral Employment Structures: Convergence and Divergence
		8.4 Demographic Trends and Migration Flows
		8.5 The Impact of Migration Flows on Age Profiles and on Labour Markets
		8.6 Spatial Patterns in CEESE Labour Markets
		8.7 Educational Attainment in the Labour Markets: A Comparison Between EU11 and EU-North and EU-South
		8.8 Projecting Working-Age Population and Labour Demand to 2050: Reaching ‘tipping points’
		8.9 Labour Market Institutions and Policies
		8.10 Conclusions
		References
Part IV: Institutional Channel
	Chapter 9: Corruption, Institutions and Convergence
		9.1 Introduction
		9.2 Literature
		9.3 The Framework of Analysis and Indicators
		9.4 Data
			9.4.1 Perception Data
			9.4.2 Microdata of Public Procurement Contracts
		9.5 Trends
			9.5.1 Perception Data
			9.5.2 Public Procurement Data
				9.5.2.1	 The Share of Contracts Without Competition
				9.5.2.2	 The Share of Contracts with Few Competitors
				9.5.2.3	 The Share of Contracts with Announcement, and Without Announcement
		9.6 Results of Estimations
		9.7 Conclusions
		Annex
			The TED Database and the Sampling
			Threshold Changes in the EU TED Database
			Results of Estimations
			Two Issues in EU Country Reports: Corruption and Public Procurement
				The Appearance of the Word “Corruption” in the European Commission Country Reports, 2006–2018
				The Appearance of the Phrase “Public Procurement” in the EU Country Reports, 2006–2018
		References
	Chapter 10: Climate Change and EU Membership: The Journey of Central and Eastern Europe Towards a Carbon-Free World
		10.1 Introduction
		10.2 The Journey
		10.3 The European Green Deal
		10.4 Conclusions
		References
	Chapter 11: The Impact of the EU on National Fiscal Governance Systems
		11.1 Introduction
		11.2 Literature Review and EU Legal Requirements
		11.3 The Main Fiscal Governance Pillars in the EU-11 Countries
			11.3.1 Numerical Fiscal Rules
			11.3.2 Medium-Term Budgetary Frameworks
			11.3.3 Independent Fiscal Institutions
		11.4 Zooming in on the Activities of Regional IFIs
			11.4.1 Forecasts
			11.4.2 Assessment of Compliance with Fiscal Rules
			11.4.3 Policy Costing
			11.4.4 Analysis on Long-Term Sustainability of Public Finances
			11.4.5 Promotion of Fiscal Transparency
			11.4.6 Normative Recommendations
		11.5 Conclusions
		References
	Chapter 12: Towards Sustainable and Adequate Pension Systems: Old-Age Pension Reforms After Economic Transition and EU Accession in Central-Eastern and South-Eastern Europe
		12.1 Introduction
		12.2 From Transition to Enlargement: Transformation to Market Economies Supported by International Institutions
			12.2.1 Compensating for the Transition
			12.2.2 Towards Multi-pillar Systems
				12.2.2.1 The Need for Pension Reform in CESE Countries
				12.2.2.2 The Process of Pension Reform Development: National and Transnational Actors
				12.2.2.3 Introducing Multi-pillar Systems in CESE Countries
				12.2.2.4 Implementing Multi-pillar Systems in CESE Countries
				12.2.2.5 Transition Costs and the Situation of Public Finances
		12.3 EU Accession and Post-accession: Rebalancing the Pension Systems and the Return to Bismarck?
			12.3.1 Reversal of Multi-pillar Pension Reforms
			12.3.2 Automatic Balancing, Demographic Factors and Retirement Ages
		12.4 Adequacy and Sustainability of Pension Systems in CESE Countries: Are There Commonalities?
			12.4.1 Social Protection Systems and Adequacy of Old-Age Income in CESE Countries: Current Situation
		12.5 Outlook for the Adequacy and Sustainability of Pensions
		12.6 Conclusions
		References
Index