Balla, Katalin; Köllo, János; Simonovits, András - In: Structural Change and Economic Dynamics 19 (2008) 3, pp. 203-220
We extend the benchmark model of Aghion and Blanchard [Aghion, P., Blanchard, O.J., 1994. On the speed of transition in Central Europe, NBER Macroecon. Ann. 9, 283-319] assuming that the private sector emerging during the post-communist transition consists of two segments employing high and...