Abstract

http://ssrn.com/abstract=76592
 


 



Output Decline in Eastern Europe: A Comparison of Some Explanations for Poland


Barbara M. Roberts


University of Leicester - Department of Economics


Economic Systems, Vol. 21, No. 4, 1997

Abstract:     
The paper combines and compares in a uniform framework various explanations for output decline during transition in Eastern Europe. The framework is provided by a computable general equilibrium model, calibrated for Poland, and used to quantify the consequences of some phenomena advanced as reasons for output collapse. From the simulation results, the most convincing explanation seems to lie on the supply, rather than demand side. A slight change in production efficiency leads to a relatively large change in output. At the same time, a very strong demand shock is necessary to produce a relatively minor effect on output. In particular, a very substantial reduction in consumer demand is needed to produce output contraction.

JEL Classification: C68, O49, P27

Accepted Paper Series





Not Available For Download

Date posted: April 16, 1998  

Suggested Citation

Roberts, Barbara M., Output Decline in Eastern Europe: A Comparison of Some Explanations for Poland. Economic Systems, Vol. 21, No. 4, 1997. Available at SSRN: http://ssrn.com/abstract=76592

Contact Information

Barbara M. Roberts (Contact Author)
University of Leicester - Department of Economics ( email )
Department of Economics
Leicester LE1 7RH, LE1 7RH
United Kingdom
+44 (0)116 252 2906 (Phone)
+44 (0)116 252 2908 (Fax)
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