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The Czech Economic Transition: Exploring Options Using a Macrosectoral Model

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Author Info
Frank Barry
John Bradley
Michal Kejak
David Vavra

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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 EU cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech Republic that serves to highlight key policy issues facing CEE-country decision-makers. Four scenarios are then explored by simulation: the first projects the current pattern of disequilibrium wage setting into the future, while a second looks at the consequences of labour market reform. The other scenarios highlight some of the differences between policy strategies based on indigenous versus FDI-driven export-led growth.

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File URL: http://www.cerge-ei.cz/pdf/wp/Wp158.pdf
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Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp158.

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Date of creation: Oct 2000
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Handle: RePEc:cer:papers:wp158

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Barry, F & Bradley, J, 1997. ""FDI and Trade : The Irish Host-Country Experience"," Papers 97/13, College Dublin, Department of Political Economy-.
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  2. Stanley Fischer, 1991. "Growth, Macroeconomics, and Development," NBER Working Papers 3702, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Bradley, John & Gerald, John Fitz, 1990. "Production structures in a small open economy with mobile and indigenous investment," European Economic Review, Elsevier, vol. 34(2-3), pages 364-374, May. [Downloadable!] (restricted)
  4. Fischer, S., 1991. "Growth, Macroeconomics, and Development," Working papers 580, Massachusetts Institute of Technology (MIT), Department of Economics.
  5. Bradley, John & Herce, Jose-Antonio & Modesto, Leonor, 1995. "Modelling in the EU periphery : The HERMIN project," Economic Modelling, Elsevier, vol. 12(3), pages 219-220, July. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. John Bradley, 2006. "Evaluating the impact of European Union Cohesion policy in less-developed countries and regions," Regional Studies, Taylor and Francis Journals, vol. 40(2), pages 189-200, April. [Downloadable!] (restricted)
  2. 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). [Downloadable!]
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