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From Transition to Market: Evidence and Growth Prospects

Author

Listed:
  • Ms. Ratna Sahay
  • Mr. Stanley Fischer
  • Mr. Carlos A. Végh Gramont

Abstract

This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.

Suggested Citation

  • Ms. Ratna Sahay & Mr. Stanley Fischer & Mr. Carlos A. Végh Gramont, 1998. "From Transition to Market: Evidence and Growth Prospects," IMF Working Papers 1998/052, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/052
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