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

0341814 - NHÚ 2011 RIV NL eng J - Článek v odborném periodiku
Brůha, J. - Podpiera, Jiří - Polák, S.
The convergence dynamics of a transition economy: the case of the Czech Republic.
Economic Modelling. Roč. 27, č. 1 (2010), s. 116-124. ISSN 0264-9993. E-ISSN 1873-6122
Grant ostatní: Česká národní banka(CZ) E4/2005
Výzkumný záměr: CEZ:AV0Z70850503
Klíčová slova: economic transition * country modeling * convergence
Kód oboru RIV: AH - Ekonomie
Impakt faktor: 0.601, rok: 2010

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.
Trvalý link: http://hdl.handle.net/11104/0184687