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Macroeconomic Developments in the Czech Republic and the EU Accession Process

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  • J. Fidrmuc
  • J. Fidrmuc

Abstract

This paper evaluated the macroeconomic performance of the Czech Republic since the start of economic reforms and discusses the implications of its accession to the European Union. In particular, because of the high degree of interdependence between the Czech and Slovak Republics, the implications of EU membership will crucially depend on (i) whether the Czech and Slovak Republics enter simultaneously the union and (ii) whether the Czech-Slovak customs union can be sustained if Slovakia is excluded from the first round of the EU enlargement. The second part of the paper then discusses the patterns of growth in the transition and post-transition periods and forecasts potential growth prospects of the Czech Republic, with or without entry to the European Union.

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Bibliographic Info

Paper provided by International Institute for Applied Systems Analysis in its series Working Papers with number ir00008.

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Date of creation: Feb 2000
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Handle: RePEc:wop:iasawp:ir00008

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References

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  1. S. Fisher & R. Sahay & C. A. Vegh, 1997. "Stabilization and Growth in Transition Economies: The Early Experience," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
  2. Fidrmuc, Jarko, 1999. "Trade Diversion in the 'Left-Outs' in the Eastward Enlargement of the European Union," Transition Economics Series, Institute for Advanced Studies 8, Institute for Advanced Studies.
  3. Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
  4. Fidrmuc, J. & Horváth, J., 1998. "Stability of Monetary Unions: Lessons from the Break-Up of Czechoslovakia," Discussion Paper, Tilburg University, Center for Economic Research 1998-74, Tilburg University, Center for Economic Research.
  5. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "From transition to market: Evidence and growth prospects," MPRA Paper 20615, University Library of Munich, Germany.
  6. Jan Fidrmuc & Jarko Fidrmuc, 2003. "Disintegration and Trade," Review of International Economics, Wiley Blackwell, vol. 11(5), pages 811-829, November.
  7. Ratna Sahay & Stanley Fischer & Carlos A. Végh Gramont, 1998. "From Transition to Market," IMF Working Papers 98/52, International Monetary Fund.
  8. Campos, Nauro F., 2000. "Back to the future: The growth prospects of transition economies reconsidered," ZEI Working Papers B 13-2000, ZEI - Center for European Integration Studies, University of Bonn.
  9. John Ham & Jan Svejnar & Katherine Terrell, 1998. "Unemployment and the Social Safety Net During Transitions to a Market Economy: Evidence from the Czech and Slovak Republic," William Davidson Institute Working Papers Series 169, William Davidson Institute at the University of Michigan.
  10. Ratna Sahay & Jeromin Zettelmeyer & Eduardo Borensztein & Andrew Berg, 1999. "The Evolution of Output in Transition Economies," IMF Working Papers 99/73, International Monetary Fund.
  11. de Melo, Martha & Denizer, Cevdet & Gelb, Alan & Tenev, Stoyan, 1997. "Circumstance and choice : the role of initial conditions and policies in transition economies," Policy Research Working Paper Series 1866, The World Bank.
  12. repec:fth:eeccou:146 is not listed on IDEAS
  13. Begg, David, 1998. "Pegging Out: Lessons from the Czech Exchange Rate Crisis," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1956, C.E.P.R. Discussion Papers.
  14. Ratna Sahay & Carlos A. Végh Gramont & Stanley Fischer, 1998. "How Far is Eastern Europe From Brussels?," IMF Working Papers 98/53, International Monetary Fund.
  15. Krueger, Gary & Ciolko, Marek, 1998. "A Note on Initial Conditions and Liberalization during Transition," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 718-734, December.
  16. Karel Dyba & Jan Svejnar, 1994. "Stabilization and Transition in Czechoslovakia," NBER Chapters, in: The Transition in Eastern Europe, Volume 1, pages 93-122 National Bureau of Economic Research, Inc.
  17. de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "From plan to market : patterns of transition," Policy Research Working Paper Series 1564, The World Bank.
  18. de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "Patterns of Transition from Plan to Market," World Bank Economic Review, World Bank Group, World Bank Group, vol. 10(3), pages 397-424, September.
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Cited by:
  1. Guisan, Maria-Carmen & Aguayo, Eva & Carballas, David, 2004. "Economic Growth and Cycles in Poland, Hungary, Czech Republic, Slovakia and Slovenia: A comparison with Spain, Austria and other EU countries, 1950-2002," Economic Development, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics. 79, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..

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