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Modeling Structural Change: An Application to the New EU Member States and Accession Candidates

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  • Ulrich Thiessen
  • Paul Gregory

Abstract

The rapid changes in the transition economies must be evaluated in a comparative context. This paper provides a comprehensive comparative analysis using a large panel data set of market economies as a reference point. We wish to establish the extent and speed with which the structures of the transition economies converge toward other country groups, ranked according to income levels. The exercise provides an alternate measure of transition success, grounded in quantitative rather than subjective indicators. It also shows future sectoral growth patterns assuming that remaining structural distortions continue to be removed.

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  • Ulrich Thiessen & Paul Gregory, 2007. "Modeling Structural Change: An Application to the New EU Member States and Accession Candidates," Eastern European Economics, Taylor & Francis Journals, vol. 45(4), pages 5-35, August.
    • Handle: RePEc:mes:eaeuec:v:45:y:2007:i:4:p:5-35
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    Cited by:

    1. Nebojsa Stojcic, 2012. "Patterns And Determinants Of Enterprise Restructuring In Central And East European Countries," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 21(2), pages 429-456, december.

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