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The Czech economic transition

Frank Barry, John Bradley (), Michal Kejak () and David Vavra

The Economics of Transition, 2003, vol. 11, issue 3, 539-567

Abstract: The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the countries of the EU periphery. We draw on previous modeling research on these latter economies to construct and calibrate a small macrosectoral model of the Czech Republic. Model simulations explore some key policy issues facing CEE‐country decision‐makers: labour market reforms, disinflation and industrial development. Our analysis suggests that much can be learned from the experience of countries like Ireland and Portugal which have converged substantially towards EU average living standards.

Date: 2003
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https://doi.org/10.1111/1468-0351.00156

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Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:11:y:2003:i:3:p:539-567

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The Economics of Transition is currently edited by Philippe Aghion and Wendy Carlin

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