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The convergence dynamics of a transition economy: the case of the Czech Republic
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SYSNO ASEP 0341814 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title The convergence dynamics of a transition economy: the case of the Czech Republic Author(s) Brůha, J. (CZ)
Podpiera, Jiří (NHU-N) RID
Polák, S. (CZ)Source Title Economic Modelling. - : Elsevier - ISSN 0264-9993
Roč. 27, č. 1 (2010), s. 116-124Number of pages 9 s. Language eng - English Country NL - Netherlands Keywords economic transition ; country modeling ; convergence Subject RIV AH - Economics CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000273705100014 DOI 10.1016/j.econmod.2009.07.026 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2011
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