Publisher's Synopsis
The economies of Eastern European countries, under communist rule for the last four decades or more, are presently 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 between steady and shock approaches, the scale and scope of privatization and the form and pace of external re-integration in the world economy. The present volume is devoted to an exposition of these policy issues and the propagation of several analytical devices which are 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 volume was supported by a generous grant from the Commission of the European Communities in the context of the Community Action for Cooperation in the field of Economics (ACE).
