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Transition, variété des produits et intégration économique

Listed author(s):
  • Tito Boeri
  • Joaquim Oliveira-Martins

[eng] Convergence of transition countries will have an impact on their external competitiveness. However, small open economies can grow faster than their partners without being constrained by the balance of payments if they succeed in increasing the supply of differentiated goods produced domestically (variety effect). This will require extensive economic restructuring as production is still largely focused on homogeneous goods with little differentiation and business density is significantly lower than in Western Europe. This paper introduces a simple open-economy model that can account for these stylised facts of transition and provides numerical simulations to evaluate the potential impact of the economic restructuring process on employment, production and start-up costs for new businesses. [fre] Convergence of transition countries will have an impact on their external competitiveness. However, small open economies can grow faster than their partners without being constrained by the balance of payments if they succeed in increasing the supply of differentiated goods produced domestically (variety effect). This will require extensive economic restructuring as production is still largely focused on homogeneous goods with little differentiation and business density is significantly lower than in Western Europe. This paper introduces a simple open-economy model that can account for these stylised facts of transition and provides numerical simulations to evaluate the potential impact of the economic restructuring process on employment, production and start-up costs for new businesses.

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File URL: http://dx.doi.org/doi:10.3406/ecop.2002.6365
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File URL: http://www.persee.fr/doc/ecop_0249-4744_2002_num_152_1_6365
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Article provided by Programme National Persée in its journal Économie & prévision.

Volume (Year): 152 (2002)
Issue (Month): 1 ()
Pages: 55-69

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Handle: RePEc:prs:ecoprv:ecop_0249-4744_2002_num_152_1_6365
Note: DOI:10.3406/ecop.2002.6365
Contact details of provider: Web page: http://www.persee.fr/collection/ecop

References listed on IDEAS
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  1. Roland, Gérard & Verdier, Thierry, 1997. "Transition and the Output Fall," CEPR Discussion Papers 1636, C.E.P.R. Discussion Papers.
  2. Neven, Damien, 1995. "Trade liberalisation with Eastern nations: Some distribution issues," European Economic Review, Elsevier, vol. 39(3-4), pages 622-632, April.
  3. Robert Feenstra & Tzu-Han Yang & Gary G. Hamilton & Pierpaolo Battigalli, 2003. "Business Groups and Trade in East Asia: Part 2, Product Variety," Working Papers 9614, University of California, Davis, Department of Economics.
  4. Krugman, Paul, 1989. "Differences in income elasticities and trends in real exchange rates," European Economic Review, Elsevier, vol. 33(5), pages 1031-1046, May.
  5. Robert C. Feenstra & Deng-Shing Huang & Gary G. Hamilton, 1997. "Business Groups and Trade in East Asia: Part 1, Networked Equilibria," NBER Working Papers 5886, National Bureau of Economic Research, Inc.
  6. Djankov, Simeon & Hoekman, Bernard, 1996. "Intra-Industry Trade, Foreign Direct Investment and the Reorientation of East European Exports," CEPR Discussion Papers 1377, C.E.P.R. Discussion Papers.
  7. A. Richter & M.E. Schaffer, 1996. "The Performance of De Novo Private Firms in Russian Manufacturing," CERT Discussion Papers 9610, Centre for Economic Reform and Transformation, Heriot Watt University.
  8. Daniel Daianu, 1996. "Stabilization and exchange rate policy in Romania ," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 229-248, 05.
  9. Hoekman, Bernard & Djankov, Simeon, 1996. "Intra-industry trade, foreign direct investment, and the reorientation of Eastern European exports," Policy Research Working Paper Series 1652, The World Bank.
  10. repec:adr:anecst:y:1997:i:47:p:07 is not listed on IDEAS
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