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Benchmarking structural change in transition

Author

Listed:
  • Martin Raiser

    (European Bank of Reconstruction and Development)

  • Mark Schaffer

    (CERT, Heriot-Watt University, Edinburgh)

  • Johannes Schuchhardt

    (Humboldt University and Microdiscovery, Berlin)

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.

Suggested Citation

  • Martin Raiser & Mark Schaffer & Johannes Schuchhardt, 2003. "Benchmarking structural change in transition," Working Papers 79, European Bank for Reconstruction and Development, Office of the Chief Economist.
    • Handle: RePEc:ebd:wpaper:79
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    File URL: http://www.ebrd.com/downloads/research/economics/workingpapers/wp0079.pdf
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    More about this item

    Keywords

    Structural change; transition; adjustment;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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