MACROECONOMIC POLICIES AND ACHIEVEMENTS IN TRANSITION ECONOMIES, 1989-1999

Authors

  • Stanislaw Gomulka

Abstract

The primary purpose of this paper is to consider and answer the following questions:

•        How far have the transition economies of central Europe and the former Soviet Union been able to establish the macroeconomic framework needed for sustaining investment and economic growth?

•        What distinguishes the more successful from the less successful initial conditions, the political environment, the state of institutions?

•        How far have weak or missing institutions hampered effectual policy-making?

•        Have macroeconomic policy dilemmas been intensified by weak institutions?

•        Has too much emphasis been placed on lowering inflation - or reducing it too rapidly - at the expense of economic growth?

•        What lessons can be drawn for those transition economies which are still struggling to achieve macroeconomic stability and economic growth?

•        Under the emerging economic system, what is the potential contribution to growth of the technological convergence (catching-up) factor?

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Published

16.05.2018

How to Cite

Gomulka, Stanislaw. “MACROECONOMIC POLICIES AND ACHIEVEMENTS IN TRANSITION ECONOMIES, 1989-1999”. Journal of European Economy, vol. 1, no. 1, May 2018, pp. 5-23, https://jeej.wunu.edu.ua/index.php/enjee/article/view/1256.

Issue

Vol. 1 No. 1 (2002): JOURNAL OF EUROPEAN ECONOMY

Section

ARTICLES

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