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Achieving Rapid Growth in the Transition Economies of Central Europe

Jeffrey Sachs and Andrew Warner ()

No 73, CASE Network Studies and Analyses from CASE-Center for Social and Economic Research

Abstract: This paper describes ways that the CEEs can speed their convergence with the EU by emulating the growth strategies of the very fast growing economies. In Section II, we introduce the VFGEs, and discuss some of the sources of their superior growth performance. In Section III, we demonstrate the role of key policy variables in the context of cross-country growth equations. In Section IV, we examine how the CEEs can emulate key aspects of the economic policies of the VFGEs, in order to raise their growth in the coming years.

Keywords: economic transition; Central Eastern Europe; economic growth (search for similar items in EconPapers)
Pages: 43 Pages
Date: 1996
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