Common patterns and particularities in east European investment cycles

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Notes

This article is a revised version of a paper presented at the Conference on ’Fluctuations and Cycles in Socialist Economies’ held at the University of Padua (13–14 March 1987). The author is with the General Economic Analysis Divison of the United Nations Economic Commission for Europe in Geneva. The views presented here are his own and do not reflect in any way an expression of opinion on the part of the ECE. Helpful comments from J. Slater, J. Smolik, Gy. Szilágyi and an anonymous referee are gratefully acknowledged.