From transition to market: Evidence and growth prospects
AbstractThis 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 ofthe transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20615.
Date of creation: Apr 1998
Date of revision:
Transition; growth; Eastern Europe; output; inflation;
Find related papers by JEL classification:
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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