01719cas a2200241 a 4500 AALejournalIMF010518 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451956986 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. An Empirical Analysis of the Output Declines in Three Eastern European Countries : Volume 40 No. 1. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (238 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic, and Romania in the period since market-oriented reforms were initiated are analyzed. After reviewing developments in these three countries, the paper empirically investigates two questions that are central to an interpretation of the output decline. First, to what extent does the output fall reflect 'structural change,' or a reallocation of resources across sectors, rather than a conventional macroeconomic recession? Second, to what extent have demand-side or supply-side forces been dominant in generating the output decline?. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1993/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/1993/004/024.1993.issue-004-en.xml IMF e-Library