THE MACROECONOMIC BEHAVIOR IN THE BALTIC STATES:
PRE- AND POST- ACCESSION TO THE EU APPROACH
THE MACROECONOMIC BEHAVIOR IN THE BALTIC STATES:
PRE- AND POST- ACCESSION TO THE EU APPROACH
Author(s): Deimantė Krisiukėnienė, Vaida Pilinkienė, Alina StundžienėSubject(s): National Economy, Socio-Economic Research
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: Baltic States; economic integration; macroeconomic behavior; EU;
Summary/Abstract: Previous studies on the importance of economic development and involvement in the global economy disclosed that accession to the free trade agreements creates conditions for trade liberalization, economic growth, labor productivity and high technology development. This paper is focused to Baltic states accession to EU and describes how international trade indicators – imports and exports – evolved in the Baltic States after 2004, and provides an econometric insight in contribution of these indicators to macroeconomic behavior. The methods of the research include regression model parameter stability analysis. However, study showed that only changes in Baltic states productivity was inspired of trade liberalization after accession to EU. To other macroeconomic indicators as FDI % GDP, unemployment, R&D % GDP accretion to ES has not had any significant influence.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 8/2019
- Issue No: 2
- Page Range: 17-27
- Page Count: 11
- Language: English
