Long-Term Growth and Welfare in Trnasitional Economies: The Impact of Demographic, Investment and Social Policy Changes

Giovanni Cornia, J Hokkila, R Paniccia and Vladimir Popov

Research Paper from World Institute for Development Economics Research

Abstract: This paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo-type pension system, and of taxes to service the interests on the accumulated public debt.

Keywords: ECONOMIC GROWTH; WELFARE ECONOMICS; INVESTMENTS; WAGE DETERMINATION; SOCIAL SECURITY; PUBLIC DEBT (search for similar items in EconPapers)
JEL-codes: D60 H55 H63 J30 O40 (search for similar items in EconPapers)
Pages: 56 pages
Date: 1996
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Citations: View citations in EconPapers (3)

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Working Paper: Long-Term Growth and Welfare in Transitional Economies The Impact of Demographic, Investment and Social Policy Changes (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:wodeec:122

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