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Achieving Rapid Growth In The Transition Economies Of Central Europe

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  • Sachs, Jeffery
  • Warner, Andrew

Abstract

The preeminent economic challenge for Central European economies in transition is to grow rapidly for a sustained period of time. On current policies, the Central European economies can expect to grow at moderate rates, faster than Western Europe, but far short of the rapid growth rates achieved in the very fast growing economies (VFGEs) in Asia and elsewhere. This paper discusses the sources of rapid growth in the VFGEs, and the ways in which Central Europe could emulate key aspects of the economic policies of the VFGEs in order to raise the growth rates of the Central European economies.

Suggested Citation

  • Sachs, Jeffery & Warner, Andrew, 1996. "Achieving Rapid Growth In The Transition Economies Of Central Europe," Harvard Institute for International Development (HIID) Papers 294092, Harvard University, Kennedy School of Government.
  • Handle: RePEc:ags:hariid:294092
    DOI: 10.22004/ag.econ.294092
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    References listed on IDEAS

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    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    2. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
    3. Laurence J. Kotlikoff, 1996. "Privatization of Social Security: How It Works and Why It Matters," NBER Chapters, in: Tax Policy and the Economy, Volume 10, pages 1-32, National Bureau of Economic Research, Inc.
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    7. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
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