From Transition to Market : Evidence and Growth Prospects

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.
Publication date: April 1998
ISBN: 9781451847222
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Inflation , Inflation , International - Economics , International - Economics , transition , growth , inflation , transition economies , per capita income , exchange rate regime , gross capital formation

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