Modeling convergence of Ukraine towards the EU

This article studies the pre-accession experience of new European Union member states of Central and Eastern Europe and accordingly examines the prospects for a convergence of Ukraine’s economic performance with that of the EU countries. The authors develop econometric models to evaluate the trade a...

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Main Authors: Denis Popko, Oleskandr Tkachuk
Format: Article
Language:English
Published: Kyiv National Economic University named after Vadym Hetman 2005-02-01
Series:International Economic Policy
Subjects:
Online Access:http://iepjournal.com/journals_eng/3/2005_2_PopkoTkachuk_eng.pdf
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author Denis Popko
Oleskandr Tkachuk
author_facet Denis Popko
Oleskandr Tkachuk
author_sort Denis Popko
collection DOAJ
description This article studies the pre-accession experience of new European Union member states of Central and Eastern Europe and accordingly examines the prospects for a convergence of Ukraine’s economic performance with that of the EU countries. The authors develop econometric models to evaluate the trade and foreign direct investment (FDI) effects of EU-accession for Ukraine. The trade potential between Ukraine and the EU is assessed based on the gravity model of international trade using economic distance indexes. The FDI effects are analyzed according to an econometric data panel model. The article also examines the benchmarks of Ukraine’s convergence with the EU in terms of trade volume and FDI potential values.
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spelling doaj.art-68105dd478de4cdd8bdb7be7164af7222022-12-22T03:07:39ZengKyiv National Economic University named after Vadym HetmanInternational Economic Policy1811-98321812-06602005-02-01233051Modeling convergence of Ukraine towards the EUDenis PopkoOleskandr TkachukThis article studies the pre-accession experience of new European Union member states of Central and Eastern Europe and accordingly examines the prospects for a convergence of Ukraine’s economic performance with that of the EU countries. The authors develop econometric models to evaluate the trade and foreign direct investment (FDI) effects of EU-accession for Ukraine. The trade potential between Ukraine and the EU is assessed based on the gravity model of international trade using economic distance indexes. The FDI effects are analyzed according to an econometric data panel model. The article also examines the benchmarks of Ukraine’s convergence with the EU in terms of trade volume and FDI potential values.http://iepjournal.com/journals_eng/3/2005_2_PopkoTkachuk_eng.pdfRegional integration effectstrade effectsFDI effectseconomic distancegravity model of tradeconvergence
spellingShingle Denis Popko
Oleskandr Tkachuk
Modeling convergence of Ukraine towards the EU
International Economic Policy
Regional integration effects
trade effects
FDI effects
economic distance
gravity model of trade
convergence
title Modeling convergence of Ukraine towards the EU
title_full Modeling convergence of Ukraine towards the EU
title_fullStr Modeling convergence of Ukraine towards the EU
title_full_unstemmed Modeling convergence of Ukraine towards the EU
title_short Modeling convergence of Ukraine towards the EU
title_sort modeling convergence of ukraine towards the eu
topic Regional integration effects
trade effects
FDI effects
economic distance
gravity model of trade
convergence
url http://iepjournal.com/journals_eng/3/2005_2_PopkoTkachuk_eng.pdf
work_keys_str_mv AT denispopko modelingconvergenceofukrainetowardstheeu
AT oleskandrtkachuk modelingconvergenceofukrainetowardstheeu