Description

List of Figures. List of Tables. Introduction and Overview; R. Holzmann, J. Gács, G. Winckler. I: Measurement of Output Decline. 1. The Impact of National Accounting Systems on Growth Rates; J. Ávay. 2. The Irregular Economy in Transition: Features, Measurement, and Scope; B. Dallago. Comments; R. Rose. 3. Interpreting the Decline of `Output' and the Prospects for `Recovery'; J.S. Earle. II: Causes of Output Decline. 4. Common Causes or Structural Adjustment? Output Decline in Eastern Europe and Poland; E. Borensztein, J.D. Ostry. Comments; K. Neusser. 5. Supply and Demand Factors in Output Decline in Central and Eastern Europe; A. Berg. Comments; M. Dabrowski. 6. The Impact of the Soviet Trade Shock on Central and East European Economies; D.K. Rosati. 7. The Effects of the Demise of the CMEA and the USSR on Output in Hungary; J. Gács. Comments; G. Oblath, D. Gros. 8. Inter-Enterprise Arrears in Economies in Transition; G.A. Calvo, F. Coricelli. Comments; J. Rostowski. 9. The Financial Situation and Bad Debts of Enterprises in Poland; S. Gomulka. Comments; D. Daianu. 10. Output Decline and Government Expenditures in European Transition Economies; Ke-young Chu, G. Schwartz. Comments; E. Nowotny. 11. Output and Employment in Private and Non-Private Businesses in Hungary: 1990--1992; Á. Valentinyi. 12. Output Decline and the Dynamics of Privatization in the Czech Republic; A. Capek. Comments; M. Rutkowski. III: Policy Issues of Output Decline. 13.Output Decline and Recovery in Central and Eastern Europe: the Role of Incentives; M. Raiser, P. Nunnenkamp. 14. Opening Western Markets: the European Community's Response; A. Bucher. Comments; S. Richter. 15. Disinflation without Output Decline: Tales of Exchange-Rate-Based Stabilization; A.F. Ades, M.A. Kiguel, N. Liviatan. Summary: Output Decline in Eastern Europe -- Summing up the Debate; J. Williamson.