MIKULA, Štěpán and Libor ŽÍDEK. Impact of transition strategies on macroeconomic outcomes. In Zuzana Machovcová; Natalie Uhrová. Proceedings of the 11th Internatinal Conference Economic Policy in the European Union Member Countries: Selected Papers. 1st ed. Ostrava: VŠB - Technical University Ostrava, 2013, p. 249-259. ISBN 978-80-248-3095-7.
Other formats:   BibTeX LaTeX RIS
Basic information
Original name Impact of transition strategies on macroeconomic outcomes
Authors MIKULA, Štěpán (203 Czech Republic, guarantor, belonging to the institution) and Libor ŽÍDEK (203 Czech Republic, belonging to the institution).
Edition 1. vyd. Ostrava, Proceedings of the 11th Internatinal Conference Economic Policy in the European Union Member Countries: Selected Papers, p. 249-259, 11 pp. 2013.
Publisher VŠB - Technical University Ostrava
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
RIV identification code RIV/00216224:14560/13:00070780
Organization unit Faculty of Economics and Administration
ISBN 978-80-248-3095-7
UT WoS 000393737200024
Keywords in English transition strategy; transformation; shock therapy; gradualism; macroeconomic outcomes
Tags International impact, Reviewed
Changed by Changed by: Mgr. Michal Petr, učo 65024. Changed: 12/8/2020 14:13.
Abstract
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.
Links
MUNI/A/0799/2012, interní kód MUName: Hospodářská politika v ČR
Investor: Masaryk University, Category A
PrintDisplayed: 31/7/2024 03:18