The Czech Economic Transition: Exploring Options Using a Macrosectoral Model

CERGE-EI Working Paper Series No. 158

35 Pages Posted: 14 Jan 2010

See all articles by Frank Barry

Frank Barry

Trinity College (Dublin) - School of Business Studies

John Bradley

Economic & Social Research Institute (ESRI)

Michal Kejak

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

David Vavra

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Date Written: October 1, 2000

Abstract

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the EU cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech Republic that serves to highlight key policy issues facing CEE-country decision-makers. Four scenarios are then explored by simulation: the first projects the current pattern of disequilibrium wage setting into the future, while a second looks at the consequences of labour market reform. The other scenarios highlight some of the differences between policy strategies based on indigenous versus FDI-driven export-led growth.

Suggested Citation

Barry, Frank and Bradley, John and Kejak, Michal and Vavra, David, The Czech Economic Transition: Exploring Options Using a Macrosectoral Model (October 1, 2000). CERGE-EI Working Paper Series No. 158, Available at SSRN: https://ssrn.com/abstract=1535742 or http://dx.doi.org/10.2139/ssrn.1535742

Frank Barry (Contact Author)

Trinity College (Dublin) - School of Business Studies ( email )

AAP College Green
Dublin 2
Ireland
353-1-896-2311 (Phone)

John Bradley

Economic & Social Research Institute (ESRI) ( email )

Dublin 4
Ireland

Michal Kejak

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

Politickych veznu 7
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

David Vavra

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

Politickych veznu 7
Prague 1, 111 21
Czech Republic
+420/2/2400-5111 (Phone)
+420/2/2422-7143 (Fax)

HOME PAGE: http://www.cerge-ei.cz

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