Achieving Rapid Growth in the Transition Economies of Central Europe

43 Pages Posted: 16 Sep 2009

See all articles by Jeffrey D. Sachs

Jeffrey D. Sachs

Columbia University - Columbia Earth Institute; National Bureau of Economic Research (NBER)

Andrew M. Warner

Harvard University - Center for International Development (CID)

Date Written: April 1, 1996

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

Suggested Citation

Sachs, Jeffrey D. and Warner, Andrew M., Achieving Rapid Growth in the Transition Economies of Central Europe (April 1, 1996). CASE Network Studies and Analyses No. 73. Available at SSRN: https://ssrn.com/abstract=1473811 or http://dx.doi.org/10.2139/ssrn.1473811

Jeffrey D. Sachs (Contact Author)

Columbia University - Columbia Earth Institute ( email )

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National Bureau of Economic Research (NBER)

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Andrew M. Warner

Harvard University - Center for International Development (CID) ( email )

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Cambridge, MA 02138
United States
617-495-3628 (Phone)
617-495-0712 (Fax)

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