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dc.contributor.authorFardmanesh, Mohsenen
dc.contributor.authorTan, Lien
dc.date.accessioned2012-06-20T13:14:48Z-
dc.date.available2012-06-20T13:14:48Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/59139-
dc.description.abstractThis paper addresses whether the initial declines in the manufacturing and real wages in transition economies were anything unexpected to justify policy reversal, and whether the often-recommended foreign aid would have helped them curb these declines in any significant way. It answers these questions with the help of a two-sector three-factor small open economy model and simulation exercises. It concludes that, given the relative price distortions and the market disequilibria that transition economies inherited from their planning era, the initial declines in their manufacturing and real wages are to be mostly expected. Foreign aid, whose mpact is noticeable only when it is in excess of 5% of GDP, does not curb the decline in their real wages in any measurable way and exacerbates the decline in their manufacturing by a few percent.en
dc.language.isoengen
dc.publisher|aYale University, Economic Growth Center |cNew Haven, CTen
dc.relation.ispartofseries|aCenter Discussion Paper |x982en
dc.subject.jelP2en
dc.subject.ddc330en
dc.subject.keywordliberalizationen
dc.subject.keywordstructural adjustmenten
dc.subject.keywordtransition economiesen
dc.subject.keywordEast European economiesen
dc.subject.keywordSoviet Republicsen
dc.subject.keywordforeign aiden
dc.titleStructural change in transition economies: Does foreign aid matter?-
dc.typeWorking Paperen
dc.identifier.ppn63595477Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:egc:wpaper:982en

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