Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/203363 
Year of Publication: 
2017
Series/Report no.: 
ADB Economics Working Paper Series No. 523
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life satisfaction. Over the last decade, both the speed of reforms and economic growth have slowed down markedly. To sustain convergence, greater emphasis needs to be put on structural reforms, facilitating innovation and boosting firm productivity while, at the same time, taking into account the distributional impact of reforms.
Subjects: 
economic growth
structural reform
transition
JEL: 
O57
P24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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