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Economic transformation in Eastern Europe

Objective


The activities of the Centre for Economic Policy Research (CEPP) summarize the beginnings of a major new research initiative on Eastern Europe and the complex questions of economic reform and system design its governments now face.

The initial workshop covered macroeconomic stabilization and convertibility, the restructuring of industry and trade, fiscal reform, privatization, and financial markets.
Further research workshops have already generated substantial output including discussion papers and a special report on the impact of events in Eastern Europe on the process of integration in Western Europe. These involve work industrial competitiveness, privatization, debt and labour markets.
Several other important research workshops addressed:
industrial restructuring and trade reorientation; taxation and fiscal reforms; on German unification and European integration; employment and productivity policy for German integration; the association agreements between the Community and the Central European countries.

The 1992 CEPR Report on Monitoring European Integration offered an analytical framework for thinking about enlargement of the Community. It covered a wide range of monetary, trade and political economy issues. Its approach and solid research base was a welcome counterweight to those who argue for or against enlargement on the basis of preconceived views of the Community's future.

A set of studies have been undertaken for the Commission's Forward Studies Unit evaluating the economic transformation of the Central European countries in its social and political context. The output is intended to inform the Community's dealings with the 'Visegrad 3' countries in implementing the Europe Agreements.

Some of the research which has already been presented in academic conferences addressed:
the transition in Hungary;
the economic consequences of the East;
the role of the financial system in economic growth and development;
finance and development in Europe.

Funding Scheme

CSC - Cost-sharing contracts

Coordinator

Centre for Economic Policy Research
Address
25-28 Old Burlington Street
W1X 1LB London
United Kingdom

Participants (2)

BIRKBECK COLLEGE
United Kingdom
Address
Malet Street
WC1E 7HX London
CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE
France
Address
Rue Michel Ange 3
75794 Paris