EAST EUROPEAN ECONOMIC GROWTH AND CONVERTIBLE CURRENCY IMPORTS, 1971-86

Date

1991

Author

BLEANEY, Michael

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Output equations were estimated in first difference form for gross industrial production and net material product for six east European countries and the USSR. The volume of imports from the convertible currency area was entered as a regressor alongside capital and labour to test for the existence of balance of payments constraints on growth. Significant statistical evidence of such a balance of payments constraint was found only for Poland and Romania.

URI

https://hdl.handle.net/11511/110912

Collections

Department of Economics, Article