An Empirical Assessment of the Growth Determinants in South Eastern Europe
In the preceding chapters we examined different aspects of the transition process for the countries of SEE. More specifically, after presenting the basic facts of transition for the particular economies, our analysis focused on three broad determinants which greatly affected transition and thus the economic performance of the particular countries: initial conditions, macroeconomic stabilization and structural reforms. A common conclusion regarding conditions and developments with respect to these three broad factors referred to the fact that they were not as favourable in the case of SEE.
KeywordsFiscal Policy Output Growth Structural Reform Output Recovery Empirical Assessment
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