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Benchmarking Structural Change in Transition

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  • Raiser, Martin
  • Schaffer, Mark E
  • Schuchhardt, Johannes

Abstract

The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involve fundamental shifts in the allocation of resources, and deep changes in the structure of production and employment. This Paper uses a simple model of economic development and structural change with technology spillovers to benchmark structural change in the transition economies and simulate the path of adjustment from central planning. We then analyse data from 10 accession candidates and 12 CIS countries to measure the progress in structural change that has taken place thus far and to assess the further structural changes that should be expected, with particular attention to the implications for accession.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3820.

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Date of creation: Mar 2003
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Handle: RePEc:cpr:ceprdp:3820

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Keywords: adjustment; structural change; transition;

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  1. Antonio Spilimbergo, 1995. "De-Industrialization and Trade," Research Department Publications 4014, Inter-American Development Bank, Research Department.
  2. Kongsamut, Piyabha & Rebelo, Sergio & Xie, Danyang, 2001. "Beyond Balanced Growth," Review of Economic Studies, Wiley Blackwell, vol. 68(4), pages 869-82, October.
  3. William Easterly & Stanley Fischer, 1994. "The Soviet Economic Decline: Historical and Republican Data," NBER Working Papers 4735, National Bureau of Economic Research, Inc.
  4. International Monetary Fund, 2000. "The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union," IMF Working Papers 00/32, International Monetary Fund.
  5. Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150, March.
  6. Bryan W. Roberts, 1997. "Welfare change and the elimination of the shortage economy in Russia: some representative-household results," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 5(2), pages 427-451, November.
  7. Roland Dohrn & Ullrich Heilemann, 1996. "The Chenery hypothesis and structural change in Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 411-425, October.
  8. Richard Jackman & C Pauna, 1997. "Labour Market Policy and the Reallocation of Labour Across Sectors," CEP Discussion Papers dp0338, Centre for Economic Performance, LSE.
  9. Hélène Poirson, 2000. "Factor Reallocation and Growth in Developing Countries," IMF Working Papers 00/94, International Monetary Fund.
  10. Gomulka, Stanislaw, 1986. "Soviet Growth Slowdown: Duality, Maturity, and Innovation," American Economic Review, American Economic Association, vol. 76(2), pages 170-74, May.
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