Convergence in Transition Countries – Focus on Investment: Central and Eastern Europe, 1970–1996

摘要: Our data on investment in Central and Eastern European economies reveal that, though rates were typically high the 1970s, marginal efficiency of was low. Investment shares begun to decline 1980s, before collapse communist system, but there some recovery most countries after transition. We use Kalman filter framework test for convergence rates. find evidence – former Czechoslovakia, Poland Yugoslavia. For remainder socialist bloc, however, we unable isolate shares.