From Transition to Market: Evidence and Growth Prospects
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Summary:
This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.
Series:
Working Paper No. 1998/052
Subject:
Conventional peg Exchange rate arrangements Foreign exchange Government consumption Inflation National accounts Population and demographics Population growth Prices
Notes:
This paper was prepared for an OECD Volume on Lessons from the Economic Transition: Central and Eastern Europe in the 1990s and presented at the OECD colloquium, held in Paris on May 29-30, 1996.
English
Publication Date:
April 1, 1998
ISBN/ISSN:
9781451847222/1018-5941
Stock No:
WPIEA0521998
Pages:
36
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