Blog assignment 2

I have written a study with the title ”A comparison of the effects on economic growth and income inequality of two transition models – a study of Central and Eastern European Countries after the collapse of Communism”. I think the title tells you what I studied.
The way how to reform can be divided into two major policies: shock therapy and gradualism. The names indicate the speed of the transition, where the shock therapy countries transition were fast while the gradualist countries implemented the market reforms more slow and gradual.
I chose six CEEC countries, three shock therapy and three gradual countries, and among other things studied if the choice of transition model have had any effect on the GDP growth or income inequality. I have also studied if the CEEC economies converge against some picked OECD countries. That’s because I wanted to see if the theory behind growth convergence holds for the chosen CEEC countries.
My study shows that the choice of transition model has had a significant effect on the economic growth rate and on the income distribution.
The result shows that shock therapy countries have had a slower growth rate than the gradualism countries. The CEEC countries have in two time periods of three grown faster than the OECD countries, and that result strengthens the convergence theory.

Blog assignment 1

In one to five years I hope to find an interesting and stimulating job. I think that job will be a financial job. During my time as an employee, I hope to accumulate a lot of knowledge that I later on can use in my future business.
Fifty years is a long time from now, if I live then I would bee rather old, but on my old days I would like to have a lied back life as a prosperous landowner. I would play golf in the summer and in the autumn I would hunt. The rest of the time I would like to spend on more southerly latitudes.
When you reads this you maybe think, dream on - and yes I will!