Suchergebnisse

In this paper we show that a set of conditions that are sufficient to ensure the stability of a univariate linear difference equation are closely related to the corresponding set of necessary and sufficient conditions established by Samuelson and Wise.

The results of post-Communist reforms in the Central Europe Economies have been less than ideal; the republics of the former Soviet Union have fared even worse (Lee, 2006). Necessary and sufficient conditions for post-Communist reforms include those needed to design logical and viable policies, those required to protect viable policies from unreasonable attacks, and those necessary to ensure orderly implementation with the smallest risk to the countrys economic well being. At the least, reform policies must be theoretically rigorous and supported by comprehensive empirical evidence. Moreover, even policies proven to be effective in bring economic prosperity in other countries need to be tested in small scale, in-country proving grounds before they are expanded to the entire country. Finally, however viable the proposed policies, they cannot be implemented without the explicit approval and involvement of the country political leaders.