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

被引：4
|
作者：
Bruha, Jan [1 ]
Podpiera, Jiri [1 ]
Polak, Stanislav [2 ]
机构：
[1] Czech Natl Bank, External Econ Relat Div, Prague 11503 1, Czech Republic
[2] Int Monetary Fund, Washington, DC 20431 USA
来源：
ECONOMIC MODELLING | 2010年 / 27卷 / 01期
关键词：
Two-country modeling; Convergence; COMPETITION; MODELS; TRADE;
D O I：
10.1016/j.econmod.2009.07.026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (c) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码：116 / 124
页数：9
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