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The Czech economic transition

Author

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  • Frank Barry
  • John Bradley
  • Michal Kejak
  • David Vavra

Abstract

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the countries of the EU periphery. We draw on previous modeling research on these latter economies to construct and calibrate a small macrosectoral model of the Czech Republic. Model simulations explore some key policy issues facing CEE‐country decision‐makers: labour market reforms, disinflation and industrial development. Our analysis suggests that much can be learned from the experience of countries like Ireland and Portugal which have converged substantially towards EU average living standards.

Suggested Citation

  • Frank Barry & John Bradley & Michal Kejak & David Vavra, 2003. "The Czech economic transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 539-567, September.
    • Handle: RePEc:bla:etrans:v:11:y:2003:i:3:p:539-567
    DOI: 10.1111/1468-0351.00156
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    References listed on IDEAS

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    Cited by:

    1. Michael B. Devereux, 2003. "A Macroeconomic Analysis of EU Accession under Alternative Monetary Policies," Journal of Common Market Studies, Wiley Blackwell, vol. 41(5), pages 941-964, December.
    2. Michal Kejak & David Vavra, 2004. "Factor Accumulation Story: Any Unfinished Business?," CERGE-EI Working Papers wp220, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Jakubik, Petr, 2011. "Households response to economic crisis," BOFIT Discussion Papers 7/2011, Bank of Finland, Institute for Economies in Transition.
    4. John Bradley & Timo Mitze & Edgar Morgenroth & Gerhard Untiedt, 2005. "An Integrated Micro-Macro (IMM) Approach to the Evaluation of Large-scale Public Investment Programmes: The Case of EU Structural Funds," Papers WP167, Economic and Social Research Institute (ESRI).
    5. Kejak, Michal & Seiter, Stephan & Vavra, David, 2004. "Accession trajectories and convergence: endogenous growth perspective," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 13-46, March.
    6. repec:zbw:bofitp:2011_007 is not listed on IDEAS
    7. Marek Radvanský, . "Impact of Cohesion Policy on Regional Development of Slovakia," Books, Institute of Economic Research, SAS, edition 1, number eb01, December.
    8. David Vávra & Ms. Inci Ötker & Barry Topf & Zbigniew Polanski, 2007. "Coping with Capital Inflows: Experiences of Selected European Countries," IMF Working Papers 2007/190, International Monetary Fund.
    9. Marek Radvanský, . "Impact of Cohesion Policy on Regional Development of Slovakia," Books, Institute of Economic Research, Slovak Academy of Sciences, edition 1, number 001.

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