Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...

Since the beginning of transition in 1990 from a centrally planned to a market oriented economy, the performance of Poland's economy has been outstanding if we take GDP growth as our measure. It is not specific reforms that can explain this performance but the radical ("big bang") reforms at the...

In this paper we present simulations of economic performance of the Polish economy based on a quarterly econometric model. The model consists of 22 stochastic equations, which link the financial market with the real economy. The purpose of the research is to present effects of changes to...

Die Studie untersucht im einzelnen die Probleme und Erfolgsaussichten der Umstrukturierung Mittel- und Osteuropas. In einem ersten Untersuchungsabschnitt werden in einer Länderquerschnittsanalyse für diese Länder die Gemeinsamkeiten der wirtschaftlichen Entwicklung bis zum Umbruch im Jahre...