Structural changes, profiles and effects of changes of transition countries

Abstract

The subject of the research presented in the paper is an economic transformation. The aim is to assess the progress, results and profiles of transformation of a distinguished group of twelve countries (ET-12) – from the Baltic Sea, Central Europe, to the Adriatic and the Black Sea. The period which is analysed is a long–term perspective i.e. the years 1990–2017. In empirical studies, measures of transformation changes were used: the general level – reconstruction of institutions and markets and the detailed level – structural changes in the economy. Cumulative and multifeature measures of transformation were constructed and used. In view of the saturation of the intensity of the transformation, the results of the evaluation of the countries surveyed in terms of the assessment of competitiveness and economic growth were presented. Multi–layer and long–term studies have brought a number of research results (partial and detailed findings). They were the basis of a positive verification of formulated hypotheses in the form of generalized conclusions: (1) the ET-12 countries show an uneven progress of transition and strong sectoral differences in the intensity of structural changes, (2) more favorable and sustainable results of transition are adequate for the radical model of change, (3 ) there is no relationship between them model of change and total transition results and structural changes, (4) ET-12 countries’ profiles differ in terms of the effects of transition, economic growth, and macro-economic competitiveness.