Economic Reform and Structural Adjustment in East European Industry PDF Download
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Author: Mr.Eduardo Borensztein
Publisher: International Monetary Fund
ISBN: 1451955502
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the initiation of market-oriented reform. The latter created a massive relative price shock whose affects on the structure of the industrial sectors of these economies is shown to have been relatively small, at least one to two years after the reforms. An implication is that one argument in favor of more gradualist reform—based on the premise that more gradualism implies a smaller output cost in the short run—is questionable. By and large in these economies, the output cost associated with the removal of relative price distortions may still have to be faced.
Author: Mr.Eduardo Borensztein
Publisher: International Monetary Fund
ISBN: 1451955502
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the initiation of market-oriented reform. The latter created a massive relative price shock whose affects on the structure of the industrial sectors of these economies is shown to have been relatively small, at least one to two years after the reforms. An implication is that one argument in favor of more gradualist reform—based on the premise that more gradualism implies a smaller output cost in the short run—is questionable. By and large in these economies, the output cost associated with the removal of relative price distortions may still have to be faced.
Author: Eduardo Borensztein
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
A consistent set of disaggregated industrial output data for four Eastern European countries is examined in order to determine the extent to which structural adjustment has taken place since the initiation of market-oriented reform. The latter created a massive relative price shock whose effects on the structure of the industrial sectors of these economies is shown to have been relatively small, at least one to two years after the reforms. An implication is that one argument in favor of more gradualist reform--based on the premise that more gradualism implies a smaller output cost in the short run--is questionable. By and large in these economies, the output cost associated with the removal of relative price distortions may still have to be faced.
Author: Franklyn D. Holzman
Publisher: Duke University Press
ISBN: 9780822308522
Category : Business & Economics
Languages : en
Pages : 470
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Book Description
Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck. The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.
Author: Eduardo Borensztein
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 13
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Book Description
Author: Graham R. Bird
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
This analysis of economic reform in Eastern Europe covers topics such as the economics of conversion, reforming the Soviet economy, reform in Hungary, economic adjustment in Eastern Europe, and Eastern Europe and financial markets.
Author: KOHSAKA Akira
Publisher:
ISBN:
Category : China
Languages : en
Pages : 400
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Book Description
Author: Edmund V. K. Fitzgerald
Publisher:
ISBN:
Category :
Languages : de
Pages : 21
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Mr.Michael Bruno
Publisher: International Monetary Fund
ISBN: 1451844859
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
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.
Author: Edmund Valpy Knox Fitzgerald
Publisher:
ISBN:
Category : Economic indicators
Languages : en
Pages : 27
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Book Description
