Abstract
This paper reviews the strong pre-crisis economic growth in the new EU member states and assesses whether the growth model can continue to be successful after the crisis. The analysis shows that a new growth model for the region will be needed, ideally one that focuses on raising domestic savings, implementing structural reforms to increase potential growth and rebalancing growth towards tradable sectors.
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This research was carried out under the Bolyai János Kutatási Ösztöndíj programme of the Hungarian Academy of Sciences in the framework of project TÁMOP-4.2.2.A-11/1/KONV-2012-0064, which is realised with the support of the European Union and the co-funding of the European Social Fund.
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Elekes, A., Halmai, P. Growth model of the new member states: Challenges and prospects. Intereconomics 48, 124–130 (2013). https://doi.org/10.1007/s10272-013-0453-z
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DOI: https://doi.org/10.1007/s10272-013-0453-z