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This paper empirically examines the contribution of structural reforms to reducing inflation using a panel data set of … likelihood of achieving low inflation. Results highlight the importance of price and trade liberalization and the reform of … credit allocation for reducing inflation, the latter being especially important for bringing inflation below 10% …
Persistent link: https://www.econbiz.de/10013121967
Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life...
Persistent link: https://www.econbiz.de/10011741685
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation … is more likely to be a (direct) causation. Only inflation and war seem to have beenrelatively more important for growth …
Persistent link: https://www.econbiz.de/10011300556
reforms. However, a panel data estimation indicates that the effects of initial conditions on growth diminishes steadily over …
Persistent link: https://www.econbiz.de/10014130901
Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life...
Persistent link: https://www.econbiz.de/10012917826
A positive link between progress in market-oriented reforms and cumulative growth has been recorded across transition countries. This paper shows that progress in transition in one period can significantly affect growth in the subsequent period, and this growth can act as an immediate spur to...
Persistent link: https://www.econbiz.de/10014062884
Persistent link: https://www.econbiz.de/10001717111
Persistent link: https://www.econbiz.de/10001890994
Among the many explanations of the deep transformational recession in the post-communist economies during the transition from a centrally planned economy to market economy in the 1990s there is one that considers this recession as a statistical fiction: the elimination of “unneeded under a...
Persistent link: https://www.econbiz.de/10014237722
The objective of this study is to test empirically the relationship between structural changes (changes in gross value added and employment) and economic growth. We used a panel Granger-causality analysis based on annual data for eight transition countries, covering the period 1995-2011. The...
Persistent link: https://www.econbiz.de/10012174882