Stabilization and growth in transition economies: the early experience

Article Abstract:

The process of economic transition in Eastern Europe has brought to the fore the essential bond between stabilization and growth. The experience of most transition economies validate the assumption that for growth prospects to be realized, annual inflation should not exceed 50 percent. Since 1989, the East European transition economies have witnessed substantial reduction in inflation rates as fiscal deficits have been effectively contained. A pegged exchange rate, together with structural reforms further aid disinflation and the revival of growth through stabilized economic processes.

Economic policy, Inflation (Finance), Industrial productivity, Inflation (Economics)

---

Socialist economy reform: lessons of the first three years

Article Abstract:

Economic reforms in China and Eastern Europe offer an opportunity to compare the effectiveness of gradualism and shock therapy and the effects of the political context on reform. Big bang reforms are not connected to decreases in productivity, and some countries using radical reform show early indications of success. Mass privatization has not succeeded, but an eclectic approach using a voucher scheme could increase the movement to the private sector. Some very large industries will need reorganization before being privatized.

Noncommercial research organizations, Research, Privatization, Privatization (Business), Europe, Eastern

---

Economies in transition: the beginnings of growth

Article Abstract:

Statistical data from 26 transition economies in the former Soviet Union and Eastern Europe are examined to determine the variables that affect economic development in said countries. The factors used in the model include official foreign aid, structural reforms and macroeconomic policy. Results show that the variables help the economy recover from transitional recession. Moreover, it also indicated the importance of the time used by the government to implement a stabilization program.

Models, Economic assistance, Foreign economic assistance, Macroeconomics, Former Soviet Union

Similar abstracts:

• Abstracts: Saving and capital market imperfections: the Italian experience. Earnings uncertainty and precautionary saving
• Abstracts: Stages of growth in economic development. Capital utilization, economic growth and convergence
• Abstracts: Asymmetric information and public economics: the Mirrlees-Vickrey Nobel Prize. Daron Acemoglu: 2005 John Bates Clark medalist
• Abstracts: The laptop as an economic development tool: the Aurora, Colorado experience
• Abstracts: The impact of Indian gaming on a tribal economy and economic development strategy: the White Mountain Apache experience

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.