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Structural Reform and Productivity Growth in Emerging Europe and Central Asia

Yordan Georgiev (), Piroska Nagy-Mohacsi () and Alexander Plekhanov
Additional contact information
Yordan Georgiev: Bank of England
Piroska Nagy-Mohacsi: Institute of Global Affairs, London School of Economics

No 523, ADB Economics Working Paper Series from Asian Development Bank

Abstract: Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life satisfaction. Over the last decade, both the speed of reforms and economic growth have slowed down markedly. To sustain convergence, greater emphasis needs to be put on structural reforms, facilitating innovation and boosting firm productivity while, at the same time, taking into account the distributional impact of reforms.

Keywords: economic growth; structural reform; transition (search for similar items in EconPapers)
JEL-codes: O57 P24 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2017-11-06
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0523

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