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Benchmarking structural change in transition

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.

Link http://www.ebrd.org/pubs/econo/wp0079.htm
Author Raiser, M., Schaffer, M., Schuchhardt, J
Date Feb 2003
Institute EBRD
Tags market-based, CEE, Soviet, Union,

See also

  1. Flexible Integration and the Excessive Deficit Procedure in the EMU.
  2. Nominal and Real Convergence in Alternative Exchange Rate Regimes in Transition Countries: Implications for the EMU Accession
  3. Nature’s blessing or nature’s curse: the political economy of transition in resource-based economies
  4. Social capital in transition: a first look at the evidence
  5. Ten years after: what is special about transition countries?

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