Patterns of Economic Restructuring for Eastern Europe

The economies of Eastern European countries, under Communist rule for over 40 years, are currently faced with a number of interdependent but yet distinct policy issues. The issues concern the normal structural patterns for Eastern Europe, the size of transitional gaps, the choice More… between steady and shock approaches, the scale and scope of privatization and the form and pace of external and re-integration in the world economy. This volume is devoted to an exposition of these policy issues and the propagation of several analytical devices which are also found useful. The volume reports on the construction and analysis of six social accounting matrices for Eastern and Western European countries. Corresponding models featuring general equilibrium and structural restrictions for Eastern Europe are found relevant in this context. The research underlying the contributions to this text was supported by a grant from the Commission of the European Communities in the context of the Community Action for Cooperation in the field of Economics (ACE).