Services Policy Reform and Economic Growth in Transition Economies, 1990-2004
Title | Services Policy Reform and Economic Growth in Transition Economies, 1990-2004 PDF eBook |
Author | Felix Eschenbach |
Publisher | |
Pages | 28 |
Release | 2005 |
Genre | Europe, Eastern |
ISBN |
Major changes have occurred in the structure of former centrally planned economies, including a sharp rise in the share of services in GDP, employment, and international transactions. However, large differences exist across transition economies with respect to services intensity and services policy reforms. The authors find that reforms in policies toward financial and infrastructure services, including telecommunications, power, and transport, are highly correlated with inward foreign direct investment. Controlling for regressors commonly used in the growth literature, they find that measures of services policy reform are statistically significant explanatory variables for the post-1990 economic performance of transition economies. These findings suggest services policies should be considered more generally in empirical analyses of economic growth.
Services Policy Reform and Economic Growth in Transition Economies, 1990-2004
Title | Services Policy Reform and Economic Growth in Transition Economies, 1990-2004 PDF eBook |
Author | Felix Eschenbach |
Publisher | |
Pages | 0 |
Release | 2014 |
Genre | |
ISBN |
Major changes have occurred in the structure of former centrally planned economies, including a sharp rise in the share of services in GDP, employment and international transactions. However, large differences exist across transition economies with respect to services intensity and services policy reforms. We find that reforms in policies towards financial and infrastructure services, including telecommunications, power and transport, are highly correlated with inward FDI. Controlling for regressors commonly used in the growth literature, we find that measures of services policy reform are statistically significant explanatory variables for the post-1990 economic performance of transition economies. These findings suggest services policies should be considered more generally in empirical analyses of economic growth.
Services Policy Reform and Economic Growth in Tranisition Economics
Title | Services Policy Reform and Economic Growth in Tranisition Economics PDF eBook |
Author | |
Publisher | World Bank Publications |
Pages | 20 |
Release | |
Genre | |
ISBN |
Recovery and Growth in Transition Economies 1990–97
Title | Recovery and Growth in Transition Economies 1990–97 PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 38 |
Release | 1998-09-01 |
Genre | Business & Economics |
ISBN | 145192836X |
This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.
Reforms and economic growth in transition economies
Title | Reforms and economic growth in transition economies PDF eBook |
Author | Karsten Staehr |
Publisher | |
Pages | 31 |
Release | 2003 |
Genre | Economic history |
ISBN | 9789516868502 |
Tiivistelmä.
The Development of Services in Transition Economies
Title | The Development of Services in Transition Economies PDF eBook |
Author | Carolin Wobben |
Publisher | GRIN Verlag |
Pages | 29 |
Release | 2007-11 |
Genre | Business & Economics |
ISBN | 3638853330 |
Seminar paper from the year 2003 in the subject Business economics - General, grade: NN, Hamburg University of Ecomomy and Policy (-), course: Human Development, 18 entries in the bibliography, language: English, abstract: It is by now more than a decade ago that the formally centrally planned economies in Central and Eastern Europe have started to transform into market economies when the collapse of the Soviet system was confirmed in 1989. In fact, they constitute a unique historical example with a large set of economies undergoing this extremely drastic systemic change within a very short period of time. The adoption of a new model based on free market economy supports the rebuilding of one Europe which will benefit from high economic and social growth potential as well as political stability and security. One essential characteristic of a free market economy is a high proportion of services. Realizing this quality in the transition economies signifies a great challenge as their service sector was extremely underdeveloped in the planned economies. In this paper, the development of the service sector in the transition economies of Central and Eastern Europe are depicted on the background of the economic characteristics of their socialist past. In this portrayal, both domestic growth and international trade of services will be accounted for. Finally, it will be discussed in which way the service sector represents a strong impetus in the fight against unemployment and hence contributes to a sustainable development in the future.
The World Bank Research Observer
Title | The World Bank Research Observer PDF eBook |
Author | |
Publisher | |
Pages | 300 |
Release | 2003 |
Genre | Computer network resources |
ISBN |