Front Matter Page
Research and European I Departments
Contents
I. Introduction
II. Developments in Bulgaria, Czechoslovakia, and Romania
1. Bulgaria
a. The reform program of 1991
b. The output decline
c. Developments in industry
2. The Czech and Slovak Federal Republic
a. The reform program of 1991
b. The output decline
c. Developments in industry
3. Romania
a. The Romanian economic reform program
b. The output decline
c. Developments in industry
III. Is There Evidence of Structural Change?
1. Common factors across industrial sectors
2. National and industry factors
3. Comparative advantage and sectoral shifts
IV. Supply versus Demand Factors in the Output Decline
1. Price-output correlations
2. A simple model of supply and demand
V. Conclusion
Tables
1. Bulgaria: Selected Indicators, 1988-91
2. Czech and Slovak Federal Republic: Selected Indicators, 1988-91
3. Romania: Selected Indicators, 1988-91
4. Fraction of Variability Explained by Principal Components
5. Influence of National and Structural Factors
6. Comparative Advantage and Output Changes
7. Correlations Between Quarterly Price and Output Changes
8. Romania–Demand and Supply Estimation Results
9. Czechoslovakia–Demand and Supply Estimation Results
10. Decomposition of Output Decline
Charts
1. Bulgaria: Industrial Output and Employment by Sector (1990-1991)
2. Bulgaria: Reasons Given by Industrial Enterprise Managers for the Decline in Industrial Output (1991-1992)
3. Czechoslovakia: Production and Exports in 1991 by Industrial Branches
4. Czechoslovakia: Employment and Real Product Wages in 1991
5. Romania: Industrial Employment, Output, and Productivity (1990-1991)
6. Romania: Gross Industrial Output by Sector (1989-1991)
7. Macroeconomic Influence on Industrial Output
References