From transition to market: Evidence and growth prospects

Stanley Fischer, Ratna Sahay and Carlos Vegh

MPRA Paper from University Library of Munich, Germany

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 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 ofthe transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.

Keywords: Transition; growth; Eastern Europe; output; inflation (search for similar items in EconPapers)
JEL-codes: F41 F43 P20 (search for similar items in EconPapers)
Date: 1998-04
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20615

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