An Empirical Analysis of the Output Declines in Three Eastern European Countries
AbstractThe declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic, and Romania in the period since market-oriented reforms were initiated are analyzed. After reviewing developments in these three countries, the paper empirically investigates two questions that are central to an interpretation of the output decline. First, to what extent does the output fall reflect "structural change," or a reallocation of resources across sectors, rather than a conventional macroeconomic recession? Second, to what extent have demand-side or supply-side forces been dominant in generating the output decline?
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 40 (1993)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Find related papers by JEL classification:
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
- P5 - Economic Systems - - Comparative Economic Systems
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Raiser, Martin, 1994. "Ein tschechisches Wunder? Zur Rolle politikinduzierter Anreizstrukturen im Transformationsprozeß," Kiel Discussion Papers 233, Kiel Institute for the World Economy (IfW).
- Anna Maria Ferragina & Francesco Pastore, 2008.
"Mind The Gap: Unemployment In The New Eu Regions,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 22(1), pages 73-113, 02.
- Barbone, Luca & Marchetti, Jr., Domenico & Paternostro, Stefano, 1996. "Structural adjustment, ownership transformation, and size in Polish industry," Policy Research Working Paper Series 1624, The World Bank.
- Luca Barbone & Domenico J. Marchetti, 1995.
"Transition and the Fiscal Crisis in Central Europe,"
CASE Network Studies and Analyses
0040, CASE-Center for Social and Economic Research.
- Luca Barbone & Domenico Marchetti, 1995. "Transition and the fiscal crisis in Central Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 3(1), pages 59-74, 03.
- Barran, Fernando & Kegels, Chantal, 1996. "Channels of Monetary Policy in a Transition Country: Hungary," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1996016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Bhaduri, Amit, 1996. "Dynamic patterns in transformation," Structural Change and Economic Dynamics, Elsevier, vol. 7(3), pages 281-297, September.
- Ariane Tichit, 1998.
"Reprise économique dans les pays post-communistes : application d'un modèle de durée,"
Économie et Prévision,
Programme National Persée, vol. 136(5), pages 73-92.
- Ariane TICHIT MINISCLOUX, 1997. "Reprise économique dans les pays post-communistes: application d'un modèle de durée," Working Papers 199719, CERDI.
- Bennett, John & Dixon, Huw David, 1995.
"Macroeconomic equilibrium and reform in a transitional economy,"
European Economic Review,
Elsevier, vol. 39(8), pages 1465-1485, October.
- Dixon, Huw David, 1993. "Macroeconomic Equilibrium and Reform in a Transitional Economy," CEPR Discussion Papers 758, C.E.P.R. Discussion Papers.
- Malinka Koparanova, 2007. "Structural Changes in the Manufacturing Industry of Transition Economies," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-42.
- Debra Moore Patterson, 1996. "Reform in Eastern Europe: A General Equilibrium Model with Distortions in Relative Prices and Factor Markets," Canadian Journal of Economics, Canadian Economics Association, vol. 29(2), pages 457-72, May.
- Christos Papazoglou & Eric J. Pentecost, 2003.
"The Dynamic Adjustment of a Transition Economy in the Early Stages of Transformation,"
03, Bank of Greece.
- Papazoglou, Christos & Pentecost, Eric J., 2004. "The dynamic adjustment of a transition economy in the early stages of transformation," Journal of Macroeconomics, Elsevier, vol. 26(3), pages 547-561, September.
- Bose, Pinaki & Kemme, David M., 2002. "Liberalization, entry and product quality in transition economies," Economic Systems, Elsevier, vol. 26(4), pages 353-366, December.
- Jones, Derek & Klinedinst, Mark & Rock, Charles, 1998. "Productive Efficiency during Transition: Evidence from Bulgarian Panel Data," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 446-464, September.
- Heinrich, Ralph P., 1993. "Microeconomic adjustment in Hungary: Results from a survey of enterprises," Kiel Working Papers 599, Kiel Institute for the World Economy.
- Jacek Rostowski, 1995. "Investment in Post-communist Economies. Real Facts and Keynesian Myths," CASE Network Studies and Analyses 0063, CASE-Center for Social and Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.