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Abstract

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 outputperformance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential ofthe transition economies. It concludes that it should take about 20 years for the faster reformersto reach current OECD per capita levels.



Item Type: MPRA Paper -

Original Title: From transition to market: Evidence and growth prospects-

Language: English-

Keywords: Transition, growth, Eastern Europe, output, inflation-

Subjects: P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P20 - GeneralF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy MacroeconomicsF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies-





Author: Fischer, Stanley

Source: https://mpra.ub.uni-muenchen.de/20615/







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