¿Cuán importantes son los socios comerciales de los pecos para su crecimiento económico? (How much do ceecs trading partners matter for their economic growth?).

The paper looks at the economic growth and relative income level of the Central and Eastern European countries (CEECs) major trading partners, and examines whether they have any significant impact on economic growth in the CEE area. In order to explain the economic growth in this region, other standard variables generally used in the growth regressions are also analyzed here, in the empirical part. The economic growth in the CEECs is studied by fixedeffects panel regressions. This approach allows to analyzing further the conditional convergence in the CEECs, based not only on the relation between the GDP per capita and GDP growth in the CEECs, but also by the same relation, applied to the CEECs major trading partners. The paper finds that the CEECs generally benefit from having richer and fast-growing trading partners and the economic conditions of the trading partners definitely matter for economic growth.