Benchmarking structural change in transition
AbstractThe transition to market-based economic systems in the countries of central and eastern Europe and the former Soviet Union involves 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 InfoPaper provided by European Bank for Reconstruction and Development, Office of the Chief Economist in its series Working Papers with number 79.
Length: 50 pages
Date of creation: Feb 2003
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Structural change; transition; adjustment;
Other versions of this item:
- Martin Raiser & Mark Schaffer & Johannes Schuchhardt, 2003. "Benchmarking Structural Change in Transition," CERT Discussion Papers 0301, Centre for Economic Reform and Transformation, Heriot Watt University.
- Raiser, Martin & Schaffer, Mark & Schuchhardt, Johannes, 2003. "Benchmarking Structural Change in Transition," IZA Discussion Papers 727, Institute for the Study of Labor (IZA).
- Raiser, Martin & Schaffer, Mark E & Schuchhardt, Johannes, 2003. "Benchmarking Structural Change in Transition," CEPR Discussion Papers 3820, C.E.P.R. Discussion Papers.
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
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