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Real Convergence to EU Income Levels

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  • G. Jiang
  • Peter Doyle
  • Louis Kuijs
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    Abstract

    The paper discusses factors likely to shape the nature and pace of economic growth of five Central European transition countries now engaged in accession to the European Union. It is organized around the standard growth accounting framework. The paper reviews the growth of these countries since 1990 and draws lessons from the growth experiences of other regions since the 1950s, shedding light on long-term growth prospects for these countries. It discusses a set of growth calculations and highlights the key uncertainties in them.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15355
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 01/146.

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    Length: 36
    Date of creation: 01 Sep 2001
    Date of revision:
    Handle: RePEc:imf:imfwpa:01/146

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    References

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    1. N. F. R. Crafts, 1998. "East Asian Growth Before and After the Crisis," IMF Working Papers 98/137, International Monetary Fund.
    2. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 72, pages 584.
    3. De Broeck, Mark & Slok, Torsten, 2006. "Interpreting real exchange rate movements in transition countries," Journal of International Economics, Elsevier, Elsevier, vol. 68(2), pages 368-383, March.
    4. Zoltán M. Jakab & Mihály András Kovács, 1999. "Determinants of Real Exchange Rate Fluctuations in Hungary," MNB Working Papers, Magyar Nemzeti Bank (the central bank of Hungary) 1999/6, Magyar Nemzeti Bank (the central bank of Hungary).
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    Cited by:
    1. Heather D. Gibson & Jim Malley, 2007. "The Contribution of Sectoral Productivity Differentials to Inflation in Greee," Working Papers, Bank of Greece 63, Bank of Greece.
    2. Marcin Piatkowski, 2004. "Does ICT Investment Matter for Growth and Labor Productivity in Transition Economies?," Development and Comp Systems 0402008, EconWPA.

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