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@inproceedings{1138795,
author = {Mikula, Štěpán and Žídek, Libor},
address = {Ostrava},
booktitle = {Proceedings of the 11th Internatinal Conference Economic Policy in the European Union Member Countries: Selected Papers},
edition = {1},
editor = {Zuzana Machovcová; Natalie Uhrová},
keywords = {transition strategy; transformation; shock therapy; gradualism; macroeconomic outcomes},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Ostrava},
isbn = {978-80-248-3095-7},
pages = {249-259},
publisher = {VŠB - Technical University Ostrava},
title = {Impact of transition strategies on macroeconomic outcomes},
year = {2013}
}
TY - JOUR
ID - 1138795
AU - Mikula, Štěpán - Žídek, Libor
PY - 2013
TI - Impact of transition strategies on macroeconomic outcomes
PB - VŠB - Technical University Ostrava
CY - Ostrava
SN - 9788024830957
KW - transition strategy
KW - transformation
KW - shock therapy
KW - gradualism
KW - macroeconomic outcomes
N2 - 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 discussion is 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.
ER -
MIKULA, Štěpán a Libor ŽÍDEK. Impact of transition strategies on macroeconomic outcomes. In Zuzana Machovcová; Natalie Uhrová. \textit{Proceedings of the 11th Internatinal Conference Economic Policy in the European Union Member Countries: Selected Papers}. 1. vyd. Ostrava: VŠB - Technical University Ostrava, 2013, s.~249-259. ISBN~978-80-248-3095-7.
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