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-crisis Growth Slowdown in Emerging Economies and the Role of Structural Reforms . Global Journal of Emerging Market Economies , 7 ( 2 ): 179 – 200 . Statistics South Africa ( 2016 ): Find Statistics . http

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Nonexperimental Causal Studies . Review of Economics and Statistics , 84 ( 1 ): 151 – 161 . Fraga , A. – Goldfajn , I. – Minella, A. ( 2003 ): Inflation Targeting in Emerging Market

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-4. Holland , S. ( 1975 ): The Socialist Challenge . London : Quartet Books . Holland , S. ( 1987 a): The Market Economy: from Micro to Mesoeconomics . London

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. Feldmann , M. ( 2013 ): Varieties of Capitalism and the Estonian Economy: Institutions, Growth and Crisis in a Liberal Market Economy . Communist and Post-Communist Studies , 46 ( 4 ): 493 – 501

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). Hory , M. P. ( 2016 ): Fiscal Multipliers in Emerging Market Economies: Can We Learn Something from Advanced Economies Experiences . International Economics , 146 : 59 – 84

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to a Market Economy and Sustained Growth . Implications for the Post-Washington Consensus. Communist and Post-Communist Studies 32 ( 3 ): 233 - 261 . Kolodko , G

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erman Neoliberalism and the Idea of a Social Market Economy . Journal of Social Sciences, Pre-print, Phitsanulok, Thailand. Cohn , T. H. ( 2012 ): Global Political Economy

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Nölke , A. — Vliegenthart , A. ( 2009 ): Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe . World Politics, 61 ( 4 ): 670 – 702 . Origo ( 2016

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Acta Oeconomica
Authors: Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković, and Marko Miljković

states closer to the EU. The existence of convergence also sheds light on whether market economies generate results that lead to the narrowing of development gaps, as opposed to the system of a self-managed market socialist economy as existed in

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. ( 1972 ): The Organisation of Industry . Economic Journal , 82 ( 327 ): 883 – 896 . Richardson , G. B. ( 1995 ): The Theory of the Market Economy . Revue économique

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