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Explaining economic performance during transition: What do we know?

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Intereconomics

Abstract

While after the collapse of the communist bloc virtually all of its former member countries embarked on market-oriented reforms, the individual countries followed different routes and experienced different outcomes. In all cases, however, output declined steeply during the early years of transition. What were the main causes behind the severe contraction of output? Why have some countries managed to overcome the transformation crisis far better than others?

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References

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  1. University of Hohenheim, Germany

    Hans Pitlik

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Pitlik, H. Explaining economic performance during transition: What do we know?. Intereconomics 35, 38–45 (2000). https://doi.org/10.1007/BF02927899

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