The Evolution Of Output In Transition Economies

Author : Mr.Eduardo Borensztein,Ms.Ratna Sahay,Mr.Jeronimo Zettelmeyer,Mr.Andrew Berg
Publisher : International Monetary Fund
Page : 82 pages
File Size : 48,9 Mb
Release : 1999-05-01
Category : Business & Economics
ISBN : 9781451849448

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The Evolution of Output in Transition Economies by Mr.Eduardo Borensztein,Ms.Ratna Sahay,Mr.Jeronimo Zettelmeyer,Mr.Andrew Berg Pdf

What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-to-specific modeling approach that allows for differential effects of policies and initial conditions on the private and state sectors and for time-dependent effects of initial conditions. While showing some fragility to model specification, the results point to the preeminence of structural reforms over both initial conditions and macroeconomic variables in explaining cross-country differences in performance and the timing of the recovery.

Author : Tim Yeager
Publisher : Routledge
Page : 184 pages
File Size : 47,6 Mb
Release : 2018-02-07
Category : Political Science
ISBN : 9780429968310

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Institutions, Transition Economies, And Economic Development by Tim Yeager Pdf

Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Author : S. Estrin,G. Kolodko,M. Uvalic
Publisher : Springer
Page : 307 pages
File Size : 48,7 Mb
Release : 2007-08-10
Category : Business & Economics
ISBN : 9780230590328

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Transition and Beyond by S. Estrin,G. Kolodko,M. Uvalic Pdf

This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk management, the optimal transition path, and globalization.

Author : Gerard Turley,Peter J. Luke
Publisher : Routledge
Page : 506 pages
File Size : 44,5 Mb
Release : 2012-07-26
Category : Business & Economics
ISBN : 9781136909085

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Transition Economics by Gerard Turley,Peter J. Luke Pdf

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.

Author : Marcin Piatkowski
Publisher : Unknown
Page : 32 pages
File Size : 47,9 Mb
Release : 2002
Category : Europe, Eastern
ISBN : UCSD:31822032176794

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The 'new Economy' and Economic Growth in Transition Economies by Marcin Piatkowski Pdf

Author : Aleksandr V. Gevorkyan
Publisher : Routledge
Page : 272 pages
File Size : 46,6 Mb
Release : 2018-04-17
Category : Business & Economics
ISBN : 9781317567943

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Transition Economies by Aleksandr V. Gevorkyan Pdf

This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.

Author : Stanley Fischer,Ratna Sahay
Publisher : Unknown
Page : 58 pages
File Size : 45,9 Mb
Release : 2000
Category : Economic stabilization
ISBN : UCSD:31822028497717

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The Transition Economies After Ten Years by Stanley Fischer,Ratna Sahay Pdf

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many questions about the relative roles played by adverse initial conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth.

Author : Gérard Roland
Publisher : MIT Press
Page : 440 pages
File Size : 53,7 Mb
Release : 2000
Category : Business & Economics
ISBN : 026268148X

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Transition and Economics by Gérard Roland Pdf

The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.

Author : Mr.Stanley Fischer,Ms.Ratna Sahay,Mr.Carlos A. Végh Gramont
Publisher : International Monetary Fund
Page : 37 pages
File Size : 49,5 Mb
Release : 1998-04-01
Category : Business & Economics
ISBN : 9781451847222

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From Transition to Market by Mr.Stanley Fischer,Ms.Ratna Sahay,Mr.Carlos A. Végh Gramont Pdf

This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.

Author : Michael Cuddy
Publisher : Routledge
Page : 222 pages
File Size : 42,6 Mb
Release : 2019-01-15
Category : Business & Economics
ISBN : 9781351742634

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Institutional Change in Transition Economies by Michael Cuddy Pdf

This title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.

Author : Peter Luke
Publisher : Taylor & Francis
Page : 505 pages
File Size : 46,7 Mb
Release : 2012-07-26
Category : Business & Economics
ISBN : 9781136909092

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Transition Economics by Peter Luke Pdf

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.

Author : Mario I. Blejer,Marko Skreb
Publisher : Cambridge University Press
Page : 352 pages
File Size : 54,9 Mb
Release : 1997-03-28
Category : Business & Economics
ISBN : 9780521581776

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Macroeconomic Stabilization in Transition Economies by Mario I. Blejer,Marko Skreb Pdf

The essays in this volume explore the special type of policies that were needed in the post-socialist countries of Eastern Europe and the Former Soviet Union in order to reduce inflation and to stop the fall in output that followed the collapse of Communism. The book contains a number of general studies that discuss the type of reforms needed and how they condition policies and analyze the aggregate relationship between reducing inflation, implementing structural reforms, and renewing the process of growth.

Author : G. Roland
Publisher : Springer
Page : 446 pages
File Size : 47,5 Mb
Release : 2011-12-13
Category : Business & Economics
ISBN : 9780230361836

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Economies in Transition by G. Roland Pdf

The twentieth anniversary of the fall of the Berlin Wall saw many reflect on the political, economic and social changes of recent years. The legacy of communism and the economic prospects of post-communist countries are rigorously analysed in this stimulating study of the long term consequences of transition.

Author : Wojciech W. Charemza,Krystyna Strzala
Publisher : Springer Science & Business Media
Page : 385 pages
File Size : 42,5 Mb
Release : 2012-12-06
Category : Political Science
ISBN : 9783642574979

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East European Transition and EU Enlargement by Wojciech W. Charemza,Krystyna Strzala Pdf

In March 1998 the European Union formally launched the accession process that will lead to a significant enlargement of the Union. So far ten countries from Central Europe: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic and Slovenia have submitted their applications for EU membership. This unique process immediately attracted attention of economists and policy makers. Nevertheless, it can be noticed that among numerous results already published, there is a distinctive shortage of books and papers in which quantitative research methods are applied. This is to a large extent justified by the fact that the transition and accession processes are new to the economic sciences, their methodology is not wellresearched, statistical data for the Central and East European countries are scarce and not always reliable and, generally, quantitative approach seems to be a risky and uncertain business. All these all problems can also be seen as a challenge rather than an obstacle. With this on mind, we have decided to clarify the status quo by organising a research seminar which focused on the methodology and quantitative analysis of the Central and East European transition and pre-accession processes. The seminar, East European Transition and EU Enlargement: a Quantitative Approach organised by Macroeconomic and Financial Data Centre (University of Gdansk and University ofLeicester) took place in Gdansk in June 2001. Our edited volume contains papers developed from this seminar.

Author : Kym Anderson,Johan Swinnen
Publisher : World Bank Publications
Page : 408 pages
File Size : 55,9 Mb
Release : 2008-06-05
Category : Political Science
ISBN : 0821374206

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Distortions to Agricultural Incentives in Europe's Transition Economies by Kym Anderson,Johan Swinnen Pdf

The vast majority of the world's poorest households depend on farming for their livelihood. During the 1960s and 1970s, most developing countries imposed pro-urban and anti-agricultural policies, while many high-income countries restricted agricultural imports and subsidized their farmers. Both sets of policies inhibited economic growth and poverty alleviation in developing countries. Although progress has been made over the past two decades to reduce those policy biases, many trade- and welfare-reducing price distortions remain between agriculture and other sectors as well as within the agricultural sector of both rich and poor countries. Comprehensive empirical studies of the disarray in world agricultural markets first appeared approximately 20 years ago. Since then the OECD has provided estimates each year of market distortions in high-income countries, but there has been no comparable estimates for the world's developing countries. This volume is the first in a series (other volumes cover Africa, Asia, and Latin America) that not only fill that void for recent years but extend the estimates in a consistent and comparable way back in time--and provide analytical narratives for scores of countries that shed light on the evolving nature and extent of policy interventions over the past half-century. 'Distortions to Agricultural Incentives in Europe's Transition Economies' provides an overview of the evolution of distortions to agricultural incentives caused by price and trade policies in the economies of Eastern Europe and Central Asia that are transitioning away from central planning. The book includes country and subregional studies of the ten transition economies of Central and Eastern Europe that joined the European Union in 2004 or 2007, of seven other large member countries of the Commonwealth of Independent States, and of Turkey. Together these countries comprise over 90 percent of the Europe and Central Asia region's population and GDP. Sectoral, trade, and exchange rate policies in the region have changed greatly since the dissolution of the Soviet Union in 1991, but price distortions remain. The new empirical indicators in these country studies provide a strong evidence-based foundation for evaluating policy options in the years ahead.