The convergence dynamics of a transition economy: The case of the Czech Republic
Jan Bruha (),
Jiri Podpiera and
Economic Modelling, 2010, vol. 27, issue 1, 116-124
In this paper we develop a two-country dynamic general equilibrium model by means of which we seek to explain the long-run path of a transition economy. The model's novel feature is the inclusion of quality investment in the standard framework of applied general equilibrium two-country models. This feature is necessary to explain the trend in the real exchange rate. We present an application to the Czech economy.
Keywords: Two-country; modeling; Convergence (search for similar items in EconPapers)
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Working Paper: The Convergence Dynamics of a Transition Economy; The Case of the Czech Republic (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:27:y:2010:i:1:p:116-124
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