Download or read book Output Collapse in Eastern Europe written by and published by . This book was released on 2006 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Output Collapse in Eastern Europe written by Mr.Guillermo Calvo and published by International Monetary Fund. This book was released on 1992-08-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real bank credit in Eastern European countries after their recent stabilization programs is shown to have fallen sharply, except in the case of Hungary. The meaning of the fall is discussed under the present value and liquidity perspectives. Moreover, it is shown that the hypothesis that output contraction may be partly due to credit contraction cannot be ruled out. The hypothesis is tested on a sample of 85 branches of industry in Poland. The rationale for expecting a connection between credit and output and policy options to attenuate the liquidity crunch in post-socialist economies is also subject to analysis.
Download or read book Output Decline in Eastern Europe written by R. Holzmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first phase of transition to a market economy in Central and Eastern Europe was characterized by a sharp output decline. The fall in real GDP exceeded 20% while real industrial production decreased even by 40%. Output Decline in Eastern Europe aims at providing comprehensive, multi-factor explanations for this unique, painful experience. Various hypotheses are analyzed: credit and fiscal policies may have been too tight; the collapse of the CMEA and the USSR came as a shock; domestic producers were neither experienced, nor flexible enough to adjust the output to new patterns of demand. Output Decline in Eastern Europe contains a unique combination of authors from East and West who extensively analyze new data based on country studies. Understanding the causes of recent output decline, the subject matter of this volume may help to assess the prospects for Eastern Europe. The book is addressed to researchers and students as well as interested officials who deal with the transition of formerly centrally planned economies in Central and Eastern Europe.
Download or read book Mechanisms of Economic Collapse and Growth in Eastern Europe written by Henryk Kierzkowski and published by . This book was released on 1994 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Output Decline in Eastern Europe written by Barbara M. Roberts and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper combines and compares in a uniform framework various explanations for output decline during transition in Eastern Europe. The framework is provided by a computable general equilibrium model, calibrated for Poland, and used to quantify the consequences of some phenomena advanced as reasons for output collapse. From the simulation results, the most convincing explanation seems to lie on the supply, rather than demand side. A slight change in production efficiency leads to a relatively large change in output. At the same time, a very strong demand shock is necessary to produce a relatively minor effect on output. In particular, a very substantial reduction in consumer demand is needed to produce output contraction.
Download or read book Stabilization and Reform in Eastern Europe written by Mr.Michael Bruno and published by International Monetary Fund. This book was released on 1992-05-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.
Download or read book The Output Decline in Central and Eastern Europe written by Peter Bofinger and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Large Was the the Output Collapse in Russia Alternative Estimates and Welfare Implications written by Mr.Vincent Koen and published by International Monetary Fund. This book was released on 1994-12-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The divergence between production and consumption indicators in Russia suggests that the magnitude of the output collapse in the course of the transition is overstated by the official statistics. Alternative estimates for real GDP are derived, which reconcile the official production and consumption data. Based on cautious assumptions, real GDP appears to have declined cumulatively by no more than one third rather than by one half. The drop in household welfare is much smaller still, as the output mix shifts and deadweight losses are sharply reduced.
Download or read book The Savings Collapse during the Transition in Eastern Europe written by Cevdet Denizer and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors assess the presence and extent of involuntary savings by comparing the predicted savings rates of market economies with those of the pre-transition economies. On balance, predicted savings rates fell short of actual savings rates, especially for the former Soviet Union and the Baltics -- providing some support for the notion of excessive pre-transition savings. Comparing the savings behavior of market economies and transition economies, they found substantial similarities, except for a negative link between savings and GDP growth. As the fastest-growing transition economies are at the bottom of the adjustment J-curve, the finding is consistent with consumption smoothing. Finally, they explored whether differences in the extent of economic liberalization affected savings rates in the cross-section of transition economies. They found that liberalization is associated with lower savings, with a one-year lag. To the extent that liberalization is perceived as an indicator of likely future growth, this behavior is consistent with smoothing in the face of a J-curve change in output.
Download or read book The Political Economy of the Transition Process in Eastern Europe written by Laszlo Somogyi and published by Edward Elgar Publishing. This book was released on 1993-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This well-produced book is a worthy contribution to the burgeoning literature on the transition. The editor provides a useful introduction.' - Ian Jeffries, The Economic Journal '. . . provides a useful and readable introduction to many of the most important issues in the "transition process".' - Hugo Radice, Economics of Transition Why has industrial output fallen in Eastern Europe and is further decline inevitable? What lessons can be learned from the stablilization programmes of the first two years of the post-communist era? Should the transitional economies privatize quickly and where do they find the missing institutions essential to the proper working of capitalism? In seeking answers to these and other questions, The Political Economy of the Transition Process in Eastern Europe analyses the difficulties faced by nations attempting to move from a planned to a market economy with special emphasis on issues of macroeconomic stabilization and institutional change.
Download or read book Eastern Europe in Crisis and the Way Out written by Christopher Saunders and published by Springer. This book was released on 2016-07-27 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume practitioners and theorists from East and West assess the results of four years of transformation in Eastern Europe. In a general assessment of the stabilisation policies pursued, some authors take a critical view of the 'conventional' monetary and fiscal restrictive programmes which have helped to bring down inflation and to introduce elements of the market economy, but have also left the economies concerned with heavily reduced output and real incomes. An evolutionary strategy of structural transformation, and demand management should play a primary role in recovery from the 'transformational recession'. Further issues discussed are the reform of the financial sector; liberalisation of foreign trade; privatisation and restructuring; and the social aspects of transformation.
Download or read book The Transition in Eastern Europe Volume 1 written by Olivier Jean Blanchard and published by University of Chicago Press. This book was released on 2008-04-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.
Download or read book East Central European Economies in Transition written by and published by . This book was released on 1994 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book Labor Markets and Social Policy in Central and Eastern Europe written by N. A. Barr and published by World Bank Publications. This book was released on 2005-01-01 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Labor Markets and Social Policy in Central and Eastern Europe' summarises social policy reform during the transition and EU accession and analyses the social policy challenges which continue to face both old and new member states. Specifically, the book amplifies two sets of arguments. First, social policy under communism was in important respects well-suited to the old order andprecisely for that reasonwas systematically badly-suited to a market economy. Strategic reform directions thus followed from the nature of the transition process and from constraints imposed by EU accession. Secondly, successful accession is not the end of the story: economic and social trends over the past 50 years are creating strains for social policy which all countriesold and new memberswill have to face.This book will be of interest to readers interested in social policy, particularly those with an interest in the process of post-communist transition, in EU accession, and in future social policy challenges for the wider Europe. It should be of interest to academics in departments of economics, social policy and political science, and to policy makers, including government advisers and civil servants.
Download or read book Central Asia in Transition written by Boris Z. Rumer and published by M.E. Sharpe. This book was released on 1996 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the complex and intertwined problems of geopolitics and economic transition of the five new countries that inherited from the Soviet Union the strategic positions and rich natural resources of Central Asia. Economists and political scientists from the region offer their sometimes opposing views of the situation, what led to it, and how to deal with it, some focusing on a particular country and some considering the region as a whole. Annotation copyright by Book News, Inc., Portland, OR
Download or read book Economic Dynamics in Transitional Economies written by Bruno Sergi and published by Routledge. This book was released on 2020-07-24 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn more about the transitional economies of Central and Eastern Europe! This book examines the economic dynamics of Central and Eastern European post-Communist countries. It illuminates the paths these countries are taking toward restructuring their markets, increasing international trade, and bettering their connections with the European Union and other countries. Beginning with a comparative analysis of the three “P-governments”—Pigouvian, Partizan, and Paternalistic—and continuing with a discussion of the interrelated political and economic difficulties of transition, author Bruno Sergi proposes a surprising solution. Inspired by the Bruxelles consensus, he proposes that the European Commission should become a fourth “P-government,” replacing the role formerly played by the Washington consensus in the restructuring of post-Communist economies. Economic Dynamics in Transitional Economies also explores: regional comparative macroeconomics the aftereffects of the Washington Consensus integration of Eastern and Western European economies interrelations between national and regional monetary activity political and economic policy reform involvement of European Union member countries We are living in historic times, and Economic Dynamics in Transitional Economies will be a welcome guide to the rough roads ahead. This thorough assessment of current political and economic realities will stimulate debate about new European paradigms, the role of the European Union, and the difficulties of post-Communist transition. These issues promise to be vital to the region’s success in the new century.
Download or read book Macroeconomic Policies and the Development of Markets in Transition Economies written by Fabrizio Coricelli and published by Central European University Press. This book was released on 1998-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In transition countries, the author evaluates macroeconomic policies in relation to their impact on the development of markets.
