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dc.contributor.authorHetze, Pascalen_US
dc.date.accessioned2009-10-12en_US
dc.date.accessioned2010-09-08T07:48:11Z-
dc.date.available2010-09-08T07:48:11Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/39781-
dc.description.abstractThe macroeconomic experience has been somewhat ambiguous during the historic experiment of economic transition in the former centrally-planed countries in Central and East Europe (CEE). The economic restructuring produced a notable catching-up in terms of productivity but also a J-curve shape of output growth accompanied by an increase in unemployment on a large scale. This paper models the transformation progress which leads to these contradictory outcomes. Before transition initiated catching-up, the economies suffered from two limits to growth: a gap of usable capital and a gap of technologies. Accordingly, a rapid technology transfer from the advanced Western economies led to a significant technological and structural change combined with high rates of labor reallocation. If we include frictions in the consequent matching between job seekers and jobs, the model reproduces the pattern of productivity, growth and unemployment that we find in the CEE countries.en_US
dc.language.isoengen_US
dc.publisherUniv., Wirtschafts- und Sozialwiss. Fak. Rostocken_US
dc.relation.ispartofseriesThünen-series of applied economic theory 66en_US
dc.subject.jelE24en_US
dc.subject.jelO33en_US
dc.subject.jelP20en_US
dc.subject.ddc330en_US
dc.subject.keywordcatching-upen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordtechnological changeen_US
dc.subject.keywordtransition economiesen_US
dc.titleBridging the technology-gap in economic transition, the J-curve of growth and unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn610340670en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:roswps:66-
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