How Far is Eastern Europe from Brussels?
37 Pages Posted: 17 Jun 1998
Date Written: April 1998
The current destination of Central and Eastern European countries -- explicitly for some, implicitly for all -- is Brussels. The concept of distance from Brussels is multi-dimensional. One simple measure, not without theoretical and empirical justification, is physical distance. This paper's focus, however, lies more in the distances in time and economic space. The paper first compares income gaps between Central and Eastern European and European Union (EU) countries, then evaluates recent economic performance in Central and Eastern Europe in light of EU standards and, finally, addresses the question of how long it will take the Central and Eastern European countries to close the income gap with EU countries.
JEL Classification: F15, F41, F43, P20
Suggested Citation: Suggested Citation