Benchmarking Structural Change in Transition
52 Pages Posted: 27 Mar 2003
There are 2 versions of this paper
Benchmarking Structural Change in Transition
Date Written: February 2003
Abstract
The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involves fundamental shifts in the allocation of resources and deep changes in the structure of production and employment. This paper uses a simple model of economic development and structural change with technology spillovers to benchmark structural change in the transition economies and simulate the path of adjustment from central planning. We then analyse data from 10 accession candidates and 12 CIS countries to measure the progress in structural change that has taken place thus far and to assess the further structural changes that should be expected, with particular attention to the implications for accession.
Keywords: Structural Change, Transition, Adjustment
JEL Classification: O14, O40, P20
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
By Piyabha P. Kongsamut, Sergio T. Rebelo, ...
-
By Piyabha P. Kongsamut, Sergio T. Rebelo, ...
-
By George W. Evans, Seppo Honkapohja, ...
-
Capital Deepening and Non-Balanced Economic Growth
By Daron Acemoglu and Veronica Guerrieri
-
Capital Deepening and Non-Balanced Economic Growth
By Daron Acemoglu and Veronica Guerrieri