Impact of transition strategies on macroeconomic outcomes

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F13%3A00070780" target="_blank" >RIV/00216224:14560/13:00070780 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Impact of transition strategies on macroeconomic outcomes
Original language description
In most of the former socialist countries, economic transformation from the centrally planned to the market economy is over. However, the process of transformation itself still attracts considerable attention. One of the hottest topics of the discussionis the speed of the overall process and its impact on macroeconomic outcomes. This paper deals with the relation of applied transition strategies and real GDP growth, inflation and unemployment. Using different classifications of transition strategies based on historical analysis and cluster analysis of the EBRD transition indicators we conclude that countries which applied the shock therapy (characterized by fast implementation of reforms) enjoyed higher GDP growth and lower inflation rate.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 11th Internatinal Conference Economic Policy in the European Union Member Countries: Selected Papers
ISBN
9788024830957
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
249-259
Publisher name
VŠB - Technical University Ostrava
Place of publication
Ostrava
Event location
Velké Karlovice
Event date
Jan 1, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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