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Output Decline In Transition
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Book Synopsis Output Decline in Eastern Europe by : R. Holzmann
Download or read book Output Decline in Eastern Europe written by R. Holzmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first phase of transition to a market economy in Central and Eastern Europe was characterized by a sharp output decline. The fall in real GDP exceeded 20% while real industrial production decreased even by 40%. Output Decline in Eastern Europe aims at providing comprehensive, multi-factor explanations for this unique, painful experience. Various hypotheses are analyzed: credit and fiscal policies may have been too tight; the collapse of the CMEA and the USSR came as a shock; domestic producers were neither experienced, nor flexible enough to adjust the output to new patterns of demand. Output Decline in Eastern Europe contains a unique combination of authors from East and West who extensively analyze new data based on country studies. Understanding the causes of recent output decline, the subject matter of this volume may help to assess the prospects for Eastern Europe. The book is addressed to researchers and students as well as interested officials who deal with the transition of formerly centrally planned economies in Central and Eastern Europe.
Book Synopsis The Evolution of Output in Transition Economies by : Mr.Eduardo Borensztein
Download or read book The Evolution of Output in Transition Economies written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 1999-05-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-to-specific modeling approach that allows for differential effects of policies and initial conditions on the private and state sectors and for time-dependent effects of initial conditions. While showing some fragility to model specification, the results point to the preeminence of structural reforms over both initial conditions and macroeconomic variables in explaining cross-country differences in performance and the timing of the recovery.
Author :Natalja von Westernhagen Publisher :Springer Science & Business Media ISBN 13 :3642574831 Total Pages :297 pages Book Rating :4.6/5 (425 download)
Book Synopsis Systemic Transformation, Trade and Economic Growth by : Natalja von Westernhagen
Download or read book Systemic Transformation, Trade and Economic Growth written by Natalja von Westernhagen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1980s and the beginning of the 1990s, the Commonwealth of Independent States (CIS) and Central and Eastern European Countries (CEECs) have been involved in the transition process. This book compares the progress of some of these economies in transition and analyses their growth potential. The focus lies on the special role that foreign trade liberalisation and foreign direct investment plays in economic growth. Since foreign trade and foreign direct investment are important channels of technology transfer they can substantially contribute to a higher level of economic growth. Based on the gravity model this book investigates potential in foreign trade and foreign direct investment for selected CIS and CEECs with developed OECD economies. Policy options for some of these countries are discussed including issues of foreign trade, foreign direct investment, structural adjustment, and economic growth.
Book Synopsis A Decade of Transition by : Mr.Oleh Havrylyshyn
Download or read book A Decade of Transition written by Mr.Oleh Havrylyshyn and published by International Monetary Fund. This book was released on 2001-04-27 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reviews the experience of 25 non-Asian transition economies 10 years into their transformation to market economies. The volume is based on an IMF conference held in February 1999 in Washington, D.C., to take stock of the achievements and the challenges of transition in the context of three questions: How far has transition progressed ineach country? What factors explain the differences in the progress made? And what remains to be done?
Book Synopsis IMF Staff Papers, Volume 49, No. 2 by : Mr.Robert P. Flood
Download or read book IMF Staff Papers, Volume 49, No. 2 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2002-07-11 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The paper analyzes the behavior of real commodity prices over the 1862–1999 progress. It also examines whether average stocks of health and education are converging across countries, and calculates the speed of their convergence using data from 84 countries for 1970–90.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451817835 Total Pages :120 pages Book Rating :4.4/5 (518 download)
Book Synopsis Hungary by : International Monetary Fund
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-11-11 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Hungary describes the main factors behind the evolution of output in Hungary since 1990, and examines Hungary’s future growth prospects with specific focus on the role that structural and macroeconomic policies can play in enhancing those prospects. In this paper, the shortfall in growth relative to the other advanced transition economies is attributed to relatively slow progress with macroeconomic stabilization, stalled structural reform between 1993 and mid-1995, and specific features in the design of Hungary’s reform program. The paper also analyzes debt dynamics in Hungary.
Author :Leszek Balcerowicz Publisher :Central European University Press ISBN 13 :9789639116160 Total Pages :322 pages Book Rating :4.1/5 (161 download)
Book Synopsis Enterprise Exit Processes in Transition Economies by : Leszek Balcerowicz
Download or read book Enterprise Exit Processes in Transition Economies written by Leszek Balcerowicz and published by Central European University Press. This book was released on 1998-01-01 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers together a collection of essays integrated by two central themes: the comparative economic performance of different economic systems (centralized socialism, reformed socialism, competitive socialism), and the transition from socialism to capitalism under newly established pluralistic political systems in Central and Eastern Europe. Most of the essays are based on the first-hand experience of the author in stabilizing an economy in an early stage of hyperinflation and in transforming it into a competitive capitalist market economy.
Book Synopsis Working Paper Summaries (WP/94/1 - WP/94/76) by : International Monetary Fund
Download or read book Working Paper Summaries (WP/94/1 - WP/94/76) written by International Monetary Fund and published by International Monetary Fund. This book was released on 1994-08-01 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Book Synopsis The Economies of South Eastern Europe by : C. Papazoglou
Download or read book The Economies of South Eastern Europe written by C. Papazoglou and published by Springer. This book was released on 2005-05-04 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of the main factors that affected the course of the countries of South-Eastern Europe during transition, contributing, as a result, to their disappointing economic performance. Thus, the role of initial conditions and issues concerning the effectiveness of macroeconomic stabilization and structural reforms are at the centre of the analysis. Furthermore, this volume focuses on developments and issues concerning international trade patterns, foreign direct investment and the impact of the Euro on the exchange rate policies of the countries in the region.
Book Synopsis Divergent Paths in Post-Communist Transformation by : O. Havrylyshyn
Download or read book Divergent Paths in Post-Communist Transformation written by O. Havrylyshyn and published by Springer. This book was released on 2006-02-20 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most comprehensive and up-to-date analysis of the successes and failures of 27 countries post-communism transformation. Looking at life after the fall of the Berlin wall in 1989, the book examines and contrasts why some countries have virtually completed their transformation to a liberal polity and economy, while others lag behind.
Book Synopsis Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages by : Svetoslav Pintev
Download or read book Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages written by Svetoslav Pintev and published by diplom.de. This book was released on 2003-03-18 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank s holdings of foreign exchange, were long generally dismissed as throwbacks to the colonial era. It was argued that such a rigid, rule-based arrangement was not well suited to diversified economies in many of which the authorities had developed sophisticated skills in monetary management. Instead, currency boards were seen as desirable in very small open economies (such as city-states for example). In 1960, 38 countries or territories were operating under a currency board. By 1970, they were 20 and, by the late 1980s, only 9. In the last decade the interest for Currency Board Arrangement (hereinafter CBA) renewed because of its simplicity, transparency, and rule-bound character. It became evident after the successful efforts made by two transition economies-Estonia and Lithuania-which quickly managed to achieve credibility for their newly established currencies. In 1997, a currency board arrangement was introduced in Bulgaria to end the economic crisis. Soon after, Bosnia and Herzegovina followed. In 1998 there have been discussions on establishing a currency board arrangement in Russia. More recently the newly appointed Finance Minister of Poland initiated a debate on pegging the Polish zloty to the euro through a CBA. This paper previews the history of the colonial and modern currency boards and presents the benefits of such a system for the newly emerged transition economies in Eastern Europe and Bulgaria especially. First, we will present a brief description of the currency board system. Currency Board Arrangements after falling into oblivion during much of the post-war period, staged a remarkable comeback mainly in Central and Eastern Europe countries. Estonia, Lithuania, Bulgaria and Bosnia and Herzegovina have introduced this particular monetary framework and as a result have managed to break inflationary inertia, to bolster the credibility of the monetary authorities and to instill macroeconomic discipline. Inhaltsverzeichnis:Table of Contents: I.Introduction 1.What is a currency board? 2.What a currency board is not? II.Origins of the Currency Board 1.Intellectual origin of the currency board system 2.Early Currency Board Systems 3.Decline of the Currency Board system. Reasons 4.Currency board system in nowadays III.Currency Board system and Countries in [...]
Book Synopsis The Eastern Enlargement of the EU by : Marek Dabrowski
Download or read book The Eastern Enlargement of the EU written by Marek Dabrowski and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Enlargement of the EU identifies the major fiscal challenges facing Central European countries on the road to European Union accession. The Introduction and three other chapters are on broad macro-economic issues, and four `sectoral' chapters follow these on such questions as the fiscal impact of pensions, health reform, taxation and agricultural policies. A comprehensive analysis of tax systems and of the major elements of public social expenditures (pensions and health care systems) is presented. This analysis helps to identify the key factors determining the present size of governments and the need for, and prospects of, fiscal adjustment. In addition, a comparison of fiscal policy is carried out, followed by a long-term fiscal projection until year 2010. The book is relevant to academics in macroeconomics, European studies and transition economics, as well as in public finance and public policy sciences. It should also appeal to a significant professional audience. Policy makers and economists interested in the accession process in EU countries - at ministries, National Banks, research departments of banks, international organizations (the EU Commission, World Bank, IMF, OECD) - will have a strong interest in this book.
Book Synopsis Balkan Reconstruction by : Daniel Daianu
Download or read book Balkan Reconstruction written by Daniel Daianu and published by Psychology Press. This book was released on 2001 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing scholarly attention on a little known area of Europe, the book brings together analysts with an insider's view to examine the short and long-term challenges facing the region, the intricate relationship between politics and economics and the irrelevance of quick fixes in the postwar reform of Southeast Europe.
Book Synopsis Socialism, Capitalism, Transformation by : Leszek Balcerowicz
Download or read book Socialism, Capitalism, Transformation written by Leszek Balcerowicz and published by Central European University Press. This book was released on 1995-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers together essays on the theme of economic transition in Central and Eastern Europe, written by the former Polish Minister of Finance. In it, the author summarizes the research on institutions, institutional change and human behaviour that he has undertaken since the late 1970s. He addresses such issues as the socialist market economy, reformability of the Soviet-type economic system, democratization and market-orientated reform in Central and Eastern Europe, and the Polish model of economic reform.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451839782 Total Pages :133 pages Book Rating :4.4/5 (518 download)
Book Synopsis Uzbekistan by : International Monetary Fund
Download or read book Uzbekistan written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-11-04 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in the Republic of Uzbekistan during 1992–97. It compares growth in Uzbekistan with that of other transition economies and seeks to shed light on why Uzbekistan has suffered a smaller transformational recession than other transition economies. The paper covers the existing arrangements for production and trade in agriculture, and estimates the costs for agriculture arising from state procurement and the multiple exchange rate system. The paper also traces the effects of multiple exchange rates and other quasi-fiscal operations on the economy as a whole.
Book Synopsis Emerging from Communism by : Peter Boone
Download or read book Emerging from Communism written by Peter Boone and published by MIT Press. This book was released on 1998 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text addresses issues concerned with the fall of, or decline in, communism in Eastern Europe and China, comparing the different countries' performance in inflation, privatization, enterprise restructuring, banking reform and labour market policy, and the role of decentralization.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451930968 Total Pages :204 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1997-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the capital stock inherited from the old system, liberalization initially leads to transitional unemployment of capital and the contraction of the old enterprise sector. By making room quickly for the new, more efficient enterprises, however, liberalization also sets the stage for recovery and a much higher level of income in the medium term. [JEL E23, P21, P27, P52]
