Central And Eastern Europe: Economic Conditions Ten Years After The Transformation
AbstractTen years after the start of the transition process in Central and Eastern Europe there are still substantial weaknesses. Even though growth rates have recently been high in most countries the output is still below pre-transition levels and the countries still have great difficulties in reducing their fiscal and current account deficits. On the other hand, there has been sizeable, albeit regionally varying success in monetary stabilization, export growth and the inflow of foreign direct investment. Empirical tests show that macroeconomic progress strongly depends on the implementation and success of microeconomic reforms. In this respect, the countries have so far performed quite differently. While the small CIS countries lag behind in terms of privatization, governance and enterprise restructuring, banking reform and liberalization, most EU-candidate countries have been quite successful in implementing microeconomic reforms and, as a consequence, in strengthening their macroeconomic position.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Journal for Economic Forecasting.
Volume (Year): (2002)
Issue (Month): 1 (March)
Contact details of provider:
Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
transition economy; macroeconomic ranking;
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman).
If references are entirely missing, you can add them using this form.