Economics of Transition: Structural Adjustments and Growth Prospects in Eastern EuropeMark Knell Bringing together different perspectives on structural adjustments and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, the papers in this volume examine issues including how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy. |
Contents
Tables | 5 |
Stabilization and Prospects for Sustainable Growth | 25 |
2A Prices exchange rates and unit labour costs 198995 | 46 |
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aggregate demand budget deficit Bulgaria capabilities capacity catching CEECS cent Central and Eastern central planning co-ordination collapse competitive constraints conventional stabilization countries creative destruction Czech Republic debt decline devaluation domestic dynamic East European Eastern Europe economic growth effective demand endogenous enterprises entrepreneurship equation ERDI exchange rate exports factors firms fiscal foreign GDP deflator growth rate growth theory Hungary important incentives income increase industrial policy inflation innovation institutional integration interaction Journal of Economic labour productivity Landesmann Laski liberalization macroeconomic market economy monetary neo-Schumpeterian neoclassical nominal output Poland political price elasticities private investment private sector problems profit ratio recession reform restructuring role Romania Russia scenarios Schumpeter Schumpeterian shortage economy Slovak Republic Slovenia social Soviet stabilization policy stabilization programmes strategy structural adjustments trade transformation transition economies Ukraine unemployment Unit labour costs Western WIIW World Bank