The convergence dynamics of a transition economy: The case of the Czech Republic

In this paper we develop a two-country dynamic general equilibrium model by means of which we seek to explain the long-run path of a transition economy. The model's novel feature is the inclusion of quality investment in the standard framework of applied general equilibrium two-country models. This feature is necessary to explain the trend in the real exchange rate. We present an application to the Czech economy.

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Year of publication:	2010
Authors:	Bruha, Jan ; Podpiera, Jirí ; Polák, Stanislav
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 27.2010, 1, p. 116-124
Publisher:	Elsevier
Subject:	Two-country modeling Convergence

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008473657