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The importance of price distortions for economic growth in the reforming countries of Central and Eastern Europe

The importance of price distortions for economic growth in the reforming countries of Central and Eastern Europe

Agrarokonomische Diskussionsbeitrage Universitat Giessen ( 44): 16 pp.

The information and incentive function of prices is central to the market reforms in Eastern and Central Europe. Modern growth theory, which postulates that lasting and marked price distortions not only cause static welfare losses but also have important dynamic effects, is used to investigate the effects of reducing price distortions during the transformation process.

Accession: 002988010

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