Can the National Innovation Systems of the New EU Member States Be Improved?The authors acknowledge financial support from the EU 6th Framework Programme (project CIT5- CT-028519,U-Know),the Estonian Ministry of Education (target funding T0107) and the Estonian Science Foundation (grant 5840).

2007 ◽  
Vol 19 (4) ◽  
pp. 399-416 ◽  
Author(s):  
Urmas Varblane ◽  
David Dyker ◽  
Dorel Tamm ◽  
Nick von Tunzelmann
Keyword(s):  
Financial Support ◽  
Innovation Systems ◽  
Framework Programme ◽  
Ministry Of Education ◽  
National Innovation Systems ◽  
Member States ◽  
Eu Member States ◽  
Framework Programme Project ◽  
New Eu Member States ◽  
The Eu

scholarly journals The Attitudes of the European Union and China Towards Foreign Direct Investment: Implications for Bilateral Relations

2019 ◽  
Vol 22 (3) ◽  
pp. 83-98
Author(s):  
Janina Witkowska
Keyword(s):  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Member States ◽  
Independent State ◽  
Eu Countries ◽  
Eu Member States ◽  
Bilateral Relations ◽  
New Eu Member States ◽  
The Eu

The aim of this paper is to discuss new trends that have occurred in the policies of the EU and China towards foreign direct investment (FDI), to examine some implications of the EU‑China Comprehensive Agreement on Investment (CAI) – which is currently being negotiated – for their bilateral relations, and to assess the role which China’s “One Belt One Road’ (OBOR) initiative might play in its relations with the new EU Member States. The EU established freedom of capital movement with third countries; however, the introduction of the common investment policy has encountered some obstacles. These are related to investor protection and ISDS issues. In turn, China is carrying out an independent state policy towards foreign investment with limited liberalization of FDI flows. The negotiated EU‑China CAI is expected to create conditions conducive to bilateral foreign investment flows, and it might bring positive effects for their economies in the future. However, the progress made thus far in the negotiations is still limited. The relations between China and the new EU Member states (CEE countries) are characterized by common interests in the field of FDI flows. The new EU countries are interested in attracting Chinese FDI and seem not to show the fears that have arisen in the old EU countries.

scholarly journals Cross-border approach to regions’ smart specialization: experience of the EU member states

2020 ◽  
Vol 7 (3) ◽  
pp. 36-48
Author(s):  
Olha Demedyuk ◽  
Khrystyna Prytula
Keyword(s):  
Regional Development ◽  
Recent Decade ◽  
Innovation Systems ◽  
Member States ◽  
Innovative Strategies ◽  
Eu Member States ◽  
Border Regions ◽  
Cross Border ◽  
Smart Specialization ◽  
The Eu

In the recent decade, the EU Member States have been actively implementing the regional development policy based on innovative strategies of smart specialization. However, lately, European researchers have been paying increasing attention to the issues of regions’ capacity to overcome the boundaries of administrative units inside the country and abroad and to the need to consider regions in the context of their functioning among others, especially from the viewpoint of the growing role of their innovative networks in global value chains. That is why currently the EU is addressing the development of cross-border smart specialization strategies. The paper aims to study the European experience on the functioning of cross-border innovation systems and joint strategic planning of cross-border regions’ development based on smart specialization and to outline the opportunities to implement the EU experience of cross-border approach to smart specialization in cross-border regions of Ukraine with EU Member States. The paper analyzes the views of foreign researchers on the links between innovation systems in cross-border space that constitute the theoretical basis of the study of cross-border smart specialization strategies, namely regarding the dimensions and level of their development. The research of European scientists on cross-border innovation systems in specific cross-border regions is examined, in particular on Spanish-French and German-French borders. Directions of implementation of smart specialization projects in cross-border context under the EU programs and other EU instruments that support regions in cooperation for the elaboration of joint view of development with neighbouring economically, socially, culturally, and historically close regions are outlined. The experience and methodology of the first cross-border smart specialization strategy for Spanish and Portuguese regions are studied in detail. The opportunities to use the EU experience by several Western Ukrainian regions based on the joint smart specialization priorities with the neighboring EU states are outlined. For this purpose, 1) the RIS3 strategies of the regions of Poland and Romania adjoining Ukraine and Regional Development Strategies of respective Ukrainian regions were analyzed to detect similar smart specialization priorities; 2) the clusters in the mentioned regions were analyzed as main drivers of achievement of smart specialization goals to detect similar or complementary functioning areas.

scholarly journals Financial Liberalization and Current Account Developments in New EU Member States

2020 ◽  
Vol 23 (1) ◽  
pp. 141-154
Author(s):  
Zdenka Obuljen Zoričić ◽  
Boris Cota ◽  
Nataša Erjavec
Keyword(s):  
Exchange Rate ◽  
Current Account ◽  
Positive Sign ◽  
Current Account Balance ◽  
Financial Openness ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
The Eu ◽  
The Current Account

AbstractDue to negotiations on accession to the EU, the new EU member states from Central and Eastern Europe went through the financial opening. In the pre-crisis period followed by high liquidity in global markets, most of the EU new member states experienced rapid credit growth, which conditioned the appreciation of the exchange rate. External imbalances and vulnerabilities built up. Countries experienced deterioration in their current accounts. This paper investigates the link between financial openness, real effective exchange rate, financial crisis and current account balance within the Panel Auto-Regressive Distributed Lag (ARDL) framework for 11 new European Union members during the period from 1999 to 2016. The results obtained by the use of pooled mean group estimator (PMG) show that in the long run, financial openness has a significant negative impact on the current account balance. In the short run, crisis significantly influences the current account balance having a positive sign.

scholarly journals Regional Analysis of New EU Member States in the Context of Cohesion Policy

2009 ◽  
Vol 9 (2) ◽  
pp. 71-90
Author(s):  
Milan Viturka ◽  
Vladimír Žítek ◽  
Viktorie Klímová ◽  
Petr Tonev
Keyword(s):  
Regional Analysis ◽  
Regional Differentiation ◽  
Cohesion Policy ◽  
Member States ◽  
Eu Member States ◽  
Socioeconomic Analysis ◽  
Information Relevance ◽  
European Union Member States ◽  
New Eu Member States ◽  
The Eu

Regional Analysis of New EU Member States in the Context of Cohesion Policy The paper concentrates on the new European Union member states, i.e. the states of central and eastern Europe which entered the Union in 2004 (Czech Republic, Slovakia, Poland, Hungary, Lithuania, Latvia, Estonia and Slovenia) and 2007 (Bulgaria and Romania). The basis of the paper is the evaluation of the cohesion policy in the countries in question, which are then analysed at the level of NUTS 2 regions (cohesion regions). The aim of the socioeconomic analysis is to assess the economic level of the regions and to use the results to form their typology. Ten characteristic indicators were chosen so that the study was as complex as possible. For each indicator in the examined countries the average was calculated, which allowed for a considerable increase of the information relevance of the study conclusions. For the cartographic representation of the regional differentiation intervals based on this average and the standard deviation were used. The final part of the study presents a concluding synthesis together with the above-mentioned typology of the regions. The results are interpreted in the context of the optimal strategy selection for the regional policy determined by the EU cohesion policy.

Can the European Union Force its Member States to Introduce the Euro?

2019 ◽  
Author(s):  
Markus D.W. Stoffels
Keyword(s):  
European Union ◽  
Exchange Rate ◽  
Convergence Criterion ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Past ◽  
The Exchange Rate ◽  
New Eu Member States ◽  
The Eu

In this study, the author addresses the intriguing, topical but little-studied question of whether the (old and new) EU Member States should, upon accession to the EU, be obliged to introduce the euro. To begin with, he examines—while deliberately ignoring the problematic exchange rate convergence criterion—whether introducing the euro should in principle be obligatory. After having answered this question in the affirmative, he takes a closer look at the exchange rate convergence criterion. He concludes that a country’s formal participation in the ERM II is a necessary but insufficient requirement for that country to meet the exchange rate convergence criterion. However, since ERM II membership is, for its part, voluntary, this also makes a country’s decision to introduce the euro completely voluntary. Accordingly, a Member State like Sweden is entitled to simply circumvent introducing the euro by simply refraining from participating in the ERM II. The author continuously refers to how different groups of Member States have been treated in the past with regard to them introducing the euro.

scholarly journals Competitiveness Of The New European Union Member States In International Trade In Knowledge-intensive Business Services

2016 ◽  
Vol 19 (3) ◽  
pp. 5-26 ◽  
Author(s):  
Joanna Wyszkowska-Kuna
Keyword(s):  
International Trade ◽  
Export Performance ◽  
Short Review ◽  
Business Services ◽  
Member States ◽  
Knowledge Intensive Business Services ◽  
Eu Member States ◽  
Knowledge Intensive ◽  
New Eu Member States ◽  
The Eu

The aim of this paper is to study and compare the competitiveness of the new EU member states in international trade in knowledge-intensive business services (KIBS). The first part of the paper presents a definition of KIBS trade, indicators to measure competitiveness in international service trade, and a short review of research in this field. The second part of the study is empirical. First the author carries out an overall analysis of transactions on KIBS trade in the countries involved. Then the competitiveness of the new EU member states in KIBS export is studied (in total KIBS and in each category of KIBS). International competitiveness is measured by export performance, trade balance and the RCA index. The author compares the competitiveness in KIBS exports between the analyzed countries, and tries to answer the question whether it could have been positively affected by their accession to the EU. The paper uses the WTO database. The analyzed period covers the years 2000–2013, because data on particular categories of ‘Other business services’ have been available only since 2000. The analysis refers to the 12 countries that joined the EU in 2004 and 2007.

Welfare reforms and socio-economic trends in the 10 new EU member states of Central and Eastern Europe

2011 ◽  
Vol 44 (3) ◽  
pp. 211-219 ◽  
Author(s):  
Jolanta Aidukaite
Keyword(s):  
Welfare State ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Social Protection ◽  
Welfare Regime ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
Better Than ◽  
The Eu

The paper reviews recent socio-economic changes in the 10 new EU member states of Central and Eastern Europe and the earlier and latest debates on the emergence of the post-communist welfare state regime. It asks two questions: are the new EU member states more similar to each other in their social problems encountered than to the rest of the EU world? Do they exhibit enough common socio-economic and institutional features to group them into the distinct/unified post-communist welfare regime that deviates from any well-known welfare state typology? The findings of this paper indicate that despite some slight variation within, the new EU countries exhibit lower indicators compared to the EU-15 as it comes to the minimum wage and social protection expenditure. The degree of material deprivation and the shadow economy is on average also higher if compared to the EU-15 or the EU-27. However, then it comes to at-risk-of-poverty rate after social transfers or Gini index, some Eastern European outliers especially the Check Republic, but also Slovenia, Slovakia and Hungary perform the same or even better than the old capitalist democracies. Latvia, Lithuania, Estonia, Romania, Bulgaria, Poland, however, show many similarities in their social indicators and performances and this group of countries never perform better than the EU-15 or the EU-27 averages. Nevertheless, the literature reviews on welfare state development in the CEE region reveal a number of important institutional features in support of identifying the distinct/unified post-communist welfare regime. Most resilient of it are: an insurance-based programs that played a major part in the social protection system; high take-up of social security; relatively low social security benefits; increasing signs of liberalization of social policy; and the experience of the Soviet/Communist type of welfare state, which implies still deeply embedded signs of solidarity and universalism.

scholarly journals Analysis Of Bankruptcy Law Provisions In New Member EU Countries: Global Competitive Strategy Implications For Multinational Corporations

2011 ◽  
Vol 3 (9) ◽  
Author(s):  
F. J. Brewerton ◽  
Jane LeMaster
Keyword(s):  
Multinational Corporations ◽  
Economic Integration ◽  
Multinational Corporation ◽  
Economic Benefits ◽  
Bankruptcy Law ◽  
Member States ◽  
New Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
The Eu

Globalization has been responsible for a number of ongoing interrelated trends including an accelerated worldwide movement toward economic integration, an ongoing proliferation of new multinational corporations, a widening search for new economic opportunities by multinational corporations, and an increasing concern for and attention to bankruptcy as a contingency strategy for multinational corporations when primary strategies catastrophically fail. The economic benefits associated with the removal of trade barriers is also attracting new member countries to the EU and other trading blocks but these new member countries bankruptcy law provisions may have uncertain contingency strategy implications for MNCs.This paper comprises (1) a brief summary of the general trends associated with globalization; (2) a discussion of why international bankruptcy law is becoming increasingly important in the formulation of contingency strategy in multinational corporations; (3) a discussion and analysis of bankruptcy law provisions in new EU member states; (4) a discussion of the strategic implications associated with new member states bankruptcy laws; and (5) general conclusions regarding the attractiveness of new member states bankruptcy laws to multinational corporation strategists.

scholarly journals The role of renewable energies in the new EU member states

2021 ◽  
Vol 8 (1) ◽  
pp. 18-25
Author(s):  
Natanya Meyer ◽  
Robert Magda ◽  
Norbert Bozsik
Keyword(s):  
Energy Production ◽  
Fossil Fuel ◽  
Renewable Energies ◽  
Energy Sources ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
The Eu

This article provides an overview of the structure and utilization of the new EU member states (EU-13) energy consumption. During the analysis, it was determined which non-renewable energy carriers were replaced by renewables ones. The replacement of energy sources with each other was analyzed by means of a correlation matrix. Results indicated that coal was replaced by renewable energies in Poland, Czech Republic, Slovakia, Bulgaria and Cyprus. Furthermore, the renewables basically replaced oil in Malta and gas was replaced by renewables in Lithuania. In other countries the relation between renewables and non-renewables could not be detected. The structure of energy production in the EU countries were different due to the differences of natural endowments. The main goal of the European Union energy policy is to reduce the CO2 emission by decreasing the fossil fuel consumption and this finding new ways to replace traditional energy sources is of utmost importance.

scholarly journals New EU member states’ emigration: Projections for future and lessons for the new EU candidates

2020 ◽  
Vol 23 (2) ◽  
pp. 129-140
Author(s):  
Iva Vuksanović Herceg ◽  
Tomislav Herceg ◽  
Lorena Škuflić
Keyword(s):  
Birth Rate ◽  
Gdp Per Capita ◽  
Member States ◽  
New Member States ◽  
Eu Member States ◽  
Percentage Points ◽  
Level Of Economic Development ◽  
Per Capita ◽  
New Eu Member States ◽  
The Eu

AbstractUnlike the old member states that compensate the negative net birth rate with immigration, the new EU member states face both migrational and natural demographic decline. In the last decade, poor level of economic development as well as the accession to the EU encouraged net emigration from the new member states. Panel data for the 12 new member states for the 2007 - 2016 period were used to determine how the length of membership and GDP per capita trailing behind the EU average affect the proportion of the net emigration. It has been shown that on average a country has to reach at least 85 percent of the average EU GDP p.c. (measured in PPS) to prevent emigration, but this level increases with each year of membership by 1.37 percentage points.

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