Template-Type: ReDIF-Paper 1.0 
Title: Unraveling the economic performance of the CEEC countries. The role of exports and global value chains
Author-Name: Jan Hagemejer 
Author-Name: Jakub Mućk 
Abstract: In this study we assess the importance of exports and global value chains (GVC) participation for economic growth. Using novel methods and an extensivedataset, we decompose GDP growth in the Central and Eastern European (CEEC) countries to show that in a large part of the period of transition andintegration with the EU, exports have played a predominant role in shapingeconomic growth. We also show that exports have been the major factor drivingthe convergence of the CEEC countries with their advanced counterparts.We employ panel methods to analyze the determinants of growth of exportedvalue added and show that the major growth drivers in the analyzed period of 1995-2014 are GVC participation, imports of technology and capital deepening.
Number: 2018-032
Length: 31 pages 
Creation-Date: 2018-02
Keywords: economic growth, international trade, GVC, heterogeneous panels, common correlated effects estimation, CEEC
Classification-JEL: C23, F21, O33
File-URL: https://hdl.handle.net/20.500.12182/1166
File-Format: Application/pdf
DOI: 10.33119/kaewps2018032
Handle: RePEc:sgh:kaewps:2018032