Convergence in Output in Transition Economies: Central and Eastern Europe, 1970-1995

Saul Estrin and Giovanni Urga

No 1616, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: In this paper we use unit roots/cointegration analysis and time-varying parameters procedures to test for a common growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block and between the block as a group and the West. Surprisingly, there is little evidence of convergence within the communist block, which brings into question the effectiveness of policies to reduce differentials in income per capita across the region under the communists. There is also little evidence of convergence with respect to the West, for the 1970–90 period and when the early years of reform are included (1970–95).

Keywords: Growth Models; Kalman Filter; Time Series Test; Transition Economies; Unit Roots (search for similar items in EconPapers)
JEL-codes: C15 C22 C23 O40 (search for similar items in EconPapers)
Date: 1997-04
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Citations: View citations in EconPapers (17)

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