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EUROPE’S ECONOMIC AGENDA:
HOW TO STIMULATE
ECONOMIC GROWTH
IN NEW EUROPEAN DEMOCRACIES?
A. Illarionov
Institute of Economic Analysis
Vilnius Conference: Europe’s New Democracies
and the Euro-Atlantic Agenda
Vilnius, May 3, 2006.
В© Institute of Economic Analysis
www.iea.ru
GDP per capita in the EU-25 as a ratio to the USA
fell from 72% in 1982 to 66% in 2006.
© �ЭА
GDP per capita in the EU-15 as a ratio to the USA
fell from 79% in 1982 to 73% in 2006.
© �ЭА
In 1991-2006 GDP per capita as a ratio to the USA
in the EU-15 fell from 78 to 73%,
but in NED-10 it grew from 30 to 37%.
© �ЭА
In 1991-2005 economic growth in NED-10
was almost twice faster than in EU-15.
© �ЭА
On average size of government in EU-15
is 18% higher than in NED-10, 1991–2005.
© �ЭА
Size of Government and Economic Growth
in EU-25, 1994-2005
© �ЭА
Since 2000 size of government increases
in both EU-15 and NED-10.
© �ЭА
Size of Government and Economic Growth –
inversed correlation for EU economies is
confirmed.
New European Democracies
so far are not too overburdened
by the size of government.
Continuing increase in size of government
presents the most serious threat
to economic growth in all parts of Europe.
© �ЭА
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