European Integration Processes in EECCA: Dependencies and Drivers

Shahin Vaqif Bayramov; Kanan  Dadashov; Kamilla  Dadashova; Igor Egorov

doi:10.29333/ejecs/1484

Authors

Shahin Vaqif Bayramov Mingachevir State University (MSU), Mingachevir, Azerbaijan https://orcid.org/0000-0002-1237-8540
Kanan Dadashov Moscow State Institute of International Relations, Moscow, Russia https://orcid.org/0000-0002-9265-3054
Kamilla Dadashova Moscow State Institute of International Relations, Moscow, Russia https://orcid.org/0000-0002-7142-5298
Igor Egorov Pskov State University, Pskov, Russia https://orcid.org/0000-0002-4438-8241

DOI:

https://doi.org/10.29333/ejecs/1484

Keywords:

Eastern Europe, economic growth, export-led growth, foreign debt, neofunctionalism

Abstract

The study was conducted using comparative quantitative and qualitative analysis of World Bank and International Monetary Fund data for 1989-2020 and 2000-2020. Two-factor linear econometric models of economic growth in 11 countries of Central and Eastern Europe (depending on their exports and debt) were built on the basis of such analysis. The study also relied on data from the Pew Research Center's Spring 2019 Global Attitudes Survey regarding EU citizens’ attitudes toward integration. The research findings were used to examine the causes and consequences of European integration for the countries of Central and Eastern Europe. Since 2004, when the first wave of EU enlargement took place, the combined weight of the economies of Central and Eastern Europe in relation to the EU has increased from 6.7% to 10.8% in 2020. On the other hand, none of the countries that have joined the EU have reached Europe-wide labor productivity. Assessment of the possible accession of other countries of the former eastern bloc revealed that Kazakhstan, where productivity in 2020 reached 58.4% of the average achieved in the EU, has the most enabling economic environment. In this context, Kazakhstan outperformed Bulgaria, where such a parameter amounted to 53.5%. During 1995-2000, the multiple of the ratio between the minimum and maximum levels of per capita GDP in the group of countries under study ranged from 6.3 to 7.7 times. Fifteen years after the first wave of accession to the EU, this figure has decreased to 2.5 times. Proposals to reduce regional economic inequality based on the econometric models have been developed.

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Author Biographies

Shahin Vaqif Bayramov, Mingachevir State University (MSU), Mingachevir, Azerbaijan

Shahin Vaqif Bayramov has PhD degree. He is a rector in Mingachevir State University. His interests: History, Politics, International Relations, econometric models and economic growth.

Kanan Dadashov, Moscow State Institute of International Relations, Moscow, Russia

Kanan Dadashov has master’s degree. He is a Postgraduate student in Moscow State Institute of International Relations. His interests: History, Politics, International Relations, econometric models and economic growth.

Kamilla Dadashova, Moscow State Institute of International Relations, Moscow, Russia

Kamilla Dadashova has master’s degree. She is a Postgraduate student in Moscow State Institute of International Relations. Her interests: History, Politics, International Relations, econometric models and economic growth.

Igor Egorov, Pskov State University, Pskov, Russia

Igor Egorov is a junior researcher in Research Laboratory Center for Integrated Research of Regional Security Problems, Pskov State University. His interests: History, Politics, International Relations, econometric models and economic growth.

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