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Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union

Author

Listed:
  • Asad Alam
  • Paloma Anós Casero
  • Faruk Khan
  • Charles Udomsaph

Abstract

The analysis presented in this report assembles, for the first time, evidence from a variety of sources in the countries of Eastern Europe and the former Soviet Union to show that policy and institutional reforms are important in achieving higher productivity growth. However, significant challenges remain in sustaining that growth. Many countries that started the reform process early, such as the new member states of the European Union, have come to resemble advanced market economies and face challenges in competing successfully in the global economy that are similar to the challenges faced by other European countries. For these new European Union members, the report argues, policies that facilitate innovation and firm expansion will be a key. But for other countries that started the reform process later, such as the countries of Southeastern Europe and the former Soviet Union, there is still a need to address the legacy of transition. For these countries, policies that accelerate restructuring and ease the entry and exit of firms will continue to be essential. This report - part of a series of regional studies of the World Bank's Europe and Central Asia region that has already covered poverty and inequality, the enhancement of job opportunities, trade and integration, migration and remittances, and the challenges posed by aging populations is intended as a contribution to the author thinking about how the World Bank may work more effectively with client states and other partners in the region to promote growth and foster higher living standards in a rapidly changing World.

Suggested Citation

  • Asad Alam & Paloma Anós Casero & Faruk Khan & Charles Udomsaph, 2008. "Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 6588, April.
  • Handle: RePEc:wbk:wbpubs:6588
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6588/456240PUB0Box3101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Apanasovich, Natalja & Alcalde Heras, Henar & Parrilli, Mario Davide, 2016. "The impact of business innovation modes on SME innovation performance in post-Soviet transition economies: The case of Belarus," Technovation, Elsevier, vol. 57, pages 30-40.
    2. Iulia-Oana Stefan, 2015. "The Place Of Bucharest Stock Exchange Amongst The Capital Markets From Central And Eastern Europe," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(43), pages 281-292.
    3. repec:eee:worbus:v:52:y:2017:i:6:p:854-865 is not listed on IDEAS
    4. Ayesha Serfraz, 2018. "Foreign Direct Investment Inflows and Labor Productivity in Pakistan: A Sector-Wise Panel Cointegration Analysis," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 5(1), pages 1-18.
    5. Marcin Grela & Aleksandra Majchrowska & Tomasz Michałek & Jakub Mućk & Agnieszka Stążka-Gawrysiak & Grzegorz Tchorek & Marcin Wagner, 2017. "Is Central and Eastern Europe converging towards the EU-15?," NBP Working Papers 264, Narodowy Bank Polski, Economic Research Department.
    6. Kravtsova, Victoria & Radosevic, Slavo, 2012. "Are systems of innovation in Eastern Europe efficient?," Economic Systems, Elsevier, vol. 36(1), pages 109-126.
    7. Cristina Serbanica & Gabriela Dragan, 2012. "University – Industry Cooperation In Central And Eastern Europe: A Common Past, A Different Future?," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(4), pages 837-852, December.
    8. Marialisa Motta & Ana Maria Oviedo & Massimiliano Santini, 2010. "An Open Door for Firms," World Bank Other Operational Studies 11086, The World Bank.
    9. Jan Witajewski-Baltvilks, 2016. "Catching up in Czech Republic, Hungary and Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 47(4), pages 319-340.
    10. World Bank, 2011. "Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia," World Bank Publications, The World Bank, number 2316, April.
    11. Lin, Winston T. & Chiang, Chung-Yean, 2011. "The impacts of country characteristics upon the value of information technology as measured by productive efficiency," International Journal of Production Economics, Elsevier, vol. 132(1), pages 13-33, July.
    12. Hart, Jarret, 2013. "Impact of Trade Openness on Technical Efficiency: Agricultural Sector of the European Union," Proceedings Issues, 2013: Employment, Immigration and Trade, December 15-17, 2013, Clearwater Beach, Florida 182500, International Agricultural Trade Research Consortium.
    13. repec:taf:eurpls:v:25:y:2017:i:11:p:1976-2000 is not listed on IDEAS
    14. Itzhak Goldberg & John Gabriel Goddard & Smita Kuriakose & Jean-Louis Racine, 2011. "Igniting Innovation : Rethinking the Role of Government in Emerging Europe and Central Asia," World Bank Publications, The World Bank, number 2358, April.
    15. repec:cmj:seapas:y:2017:i:14:p:221-230 is not listed on IDEAS

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