From Transition to Market: Evidence and Growth Prospects
36 Pages Posted: 17 Jun 1998
Date Written: April 1998
This paper presents evidence on the behavior of output and inflation in the transition economies during 1992-95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.
JEL Classification: F41, F43, P20
Suggested Citation: Suggested Citation