Benchmarking Structural Change in Transition

52 Pages Posted: 27 Mar 2003

See all articles by Martin Raiser

Martin Raiser

European Bank for Reconstruction and Development

Mark E. Schaffer

Heriot-Watt University - Centre for Economic Reform and Transformation; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Johannes Schuchhardt

MicroDiscovery, Berlin; Humboldt Universität zu Berlin

Multiple version iconThere are 2 versions of this paper

Date Written: February 2003

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.

Keywords: Structural Change, Transition, Adjustment

JEL Classification: O14, O40, P20

Suggested Citation

Raiser, Martin and Schaffer, Mark E. and Schuchhardt, Johannes, Benchmarking Structural Change in Transition (February 2003). Available at SSRN: https://ssrn.com/abstract=389349 or http://dx.doi.org/10.2139/ssrn.389349

Martin Raiser

European Bank for Reconstruction and Development ( email )

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Mark E. Schaffer (Contact Author)

Heriot-Watt University - Centre for Economic Reform and Transformation ( email )

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Centre for Economic Policy Research (CEPR)

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IZA Institute of Labor Economics

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Johannes Schuchhardt

MicroDiscovery, Berlin ( email )

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+49 30 4435 09012 (Phone)
+49 30 4435 09010 (Fax)

Humboldt Universität zu Berlin

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Germany

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