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Author : Sašo Polanec
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (441 download)
Download or read book Price liberalization and output decline in transition written by Sašo Polanec and published by . This book was released on 2004 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paul G. Hare
Publisher : Psychology Press
ISBN 13 : 9780415124348
Total Pages : 506 pages
Book Rating : 4.1/5 (243 download)
Download or read book The Transition to the Market Economy written by Paul G. Hare and published by Psychology Press. This book was released on 1997 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of articles examines the development of one of the most significant economic transformations ever undertaken covering a wide range of countries and economic sectors
Author : Martha de Melo
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4./5 ( download)
Download or read book From Plan to Market -- Pattern of Transition written by Martha de Melo and published by World Bank Publications. This book was released on 1996 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Ernesto Hernández-Catá
Publisher : International Monetary Fund
ISBN 13 : 145196997X
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)
Download or read book Liberalization and the Behavior of Output During the Transition From Plan to Market written by Mr.Ernesto Hernández-Catá and published by International Monetary Fund. This book was released on 1997-04-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the capital stock inherited from the old system, liberalization initially leads to transitional unemployment of capital and the contraction of the old enterprise sector. By making room quickly for the new, more efficient enterprises, however, liberalization also sets the stage for recovery and a much higher level of income in the medium term.
Author : Karen Macours
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Causes of Output Decline in Economic Transition written by Karen Macours and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes how policy reforms and other factors have effected agricultural output in Central and Eastern Europe since 1989. Price liberalization and subsidy cuts caused a decline in relative prices for agriculture, contributing to almost half of the output decline. Transition uncertainty and severe drought each caused an average output fall of around 10%. Privatization, farm restructuring, and the associated disruptions affected output through input adjustments and production efficiency changes. Their impact differs between countries, as it is conditional on initial conditions and reform and liberalization in the rest of the economy.
Author : Stanley Fischer
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Transition Economies After Ten Years written by Stanley Fischer and published by . This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
ISBN 13 : 9780262681483
Total Pages : 440 pages
Book Rating : 4.6/5 (814 download)
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Gérard Roland
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Transition and the Output Fall written by Gérard Roland and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a model to explain why in the transition economies of Central and Eastern Europe an important output fall has been associated with price liberalization. Its key ingredients are search frictions and Williamsonian relation-specific investment, implying that new investments are made only after having found a new long-term partner. When all firms search for new partners, output may fall because of three effects: a) disruption of previous production links, b) a fall in investment, and c) capital depreciation due to the absence of replacement investment. We show that forms of gradual liberalization like the Chinese "dual-track" price liberalization may avoid the transitory output fall.
Author : Mr.Stanley Fischer
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Stabilization and Growth in Transition Economies written by Mr.Stanley Fischer and published by International Monetary Fund. This book was released on 1996-04 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of inflation and growth illustrates the key roles of fixed exchange rates, improved fiscal balances, and structural reforms in spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even after controlling for structural reforms.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451974396
Total Pages : 79 pages
Book Rating : 4.4/5 (519 download)
Download or read book Output Decline in Transition written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-04-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The decline is documented at the aggregate and sectoral levels, and the quality of the available data is reviewed. A growth accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under central planning has contributed to the output decline. In addition, strong evidence is found that disorganization and inherited sectoral misallocation have played a significant role. Credit contractions and reductions in aggregate demand may have had an effect, but clear patterns of causality cannot be established.
Author : GERARD ROLAND & THIERRY VERDIER
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.L/5 ( download)
Download or read book TRANSITION AND THE OUTPUT FALL. WORKING PAPER #37. written by GERARD ROLAND & THIERRY VERDIER and published by . This book was released on 1997 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jan Winiecki
Publisher : Psychology Press
ISBN 13 : 0415253349
Total Pages : 150 pages
Book Rating : 4.4/5 (152 download)
Download or read book Transition Economies and Foreign Trade written by Jan Winiecki and published by Psychology Press. This book was released on 2002 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition Economies and Foreign Trade makes the bold claim to have solved puzzles that have hindered the subject for years. By taking the distortions of the Communist era into consideration, Winiecki has explained the phenomenon of the decline in output and trade, as well as explaining the dual commodity nature of exports in the early transition phase. The book's intriguing analyses include: *the legacy of the Communist past upon foreign trade transition *the reorientation of exports from the East to the West *trade and exchange rate regimes and their impact upon foreign trade performance *post-transition problems, associated with potential membership of the European Union. This topical and timely book should become essential reading for students and academics with an interest in international economics as well as being of great use to business analysts and policy makers.
Author : Edward P. Lazear
Publisher :
ISBN 13 :
Total Pages : 460 pages
Book Rating : 4.F/5 ( download)
Download or read book Economic Transition in Eastern Europe and Russia written by Edward P. Lazear and published by . This book was released on 1995 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goods that countries produced under communism are different from those that can be efficiently produced in a free market. Some industries will collapse while others will flourish, and during this adjustment period, there are inevitable declines in output and painful layoffs. Evidence shows that a significant increase in unemployment is an unavoidable consequence of economic reform whether the government is moving rapidly or gradually.
Author : Olivier Jean Blanchard
Publisher : University of Chicago Press
ISBN 13 : 0226056813
Total Pages : 288 pages
Book Rating : 4.2/5 (26 download)
Download or read book The Transition in Eastern Europe, Volume 1 written by Olivier Jean Blanchard and published by University of Chicago Press. This book was released on 2008-04-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.
Author : Samer Abboud
Publisher : Lynne Rienner Publishers
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.3/5 (91 download)
Download or read book Syria's Economy and the Transition Paradigm written by Samer Abboud and published by Lynne Rienner Publishers. This book was released on 2009 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the recent trajectory of Syria¿s economy, the authors consider the utility of the transition paradigm¿developed to study change in the former communist states¿as an explanatory approach. In the first part of the book, Samer Abboud examines Syria¿s shift to a ¿social market economy,¿ focusing on similarities in and differences between the Syrian and Chinese cases. In the second part, Ferdinand Arslanian compares empirical indicators for Syria with those from the aggregate of transition countries to predict Syria¿s economic performance and the rate of liberalization. A foreword by Raymond Hinnebusch provides context for the study.
Author : R. Holzmann
Publisher : Springer Science & Business Media
ISBN 13 : 940110283X
Total Pages : 386 pages
Book Rating : 4.4/5 (11 download)
Download or read book Output Decline in Eastern Europe written by R. Holzmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first phase of transition to a market economy in Central and Eastern Europe was characterized by a sharp output decline. The fall in real GDP exceeded 20% while real industrial production decreased even by 40%. Output Decline in Eastern Europe aims at providing comprehensive, multi-factor explanations for this unique, painful experience. Various hypotheses are analyzed: credit and fiscal policies may have been too tight; the collapse of the CMEA and the USSR came as a shock; domestic producers were neither experienced, nor flexible enough to adjust the output to new patterns of demand. Output Decline in Eastern Europe contains a unique combination of authors from East and West who extensively analyze new data based on country studies. Understanding the causes of recent output decline, the subject matter of this volume may help to assess the prospects for Eastern Europe. The book is addressed to researchers and students as well as interested officials who deal with the transition of formerly centrally planned economies in Central and Eastern Europe.
Author : Ms.Sharmini Coorey
Publisher : International Monetary Fund
ISBN 13 : 1451930062
Total Pages : 98 pages
Book Rating : 4.4/5 (519 download)
Download or read book Disinflation in Transition Economies written by Ms.Sharmini Coorey and published by International Monetary Fund. This book was released on 1996-12-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price variability had a sizable effect at high inflation during initial liberalization and a small effect at moderate inflation. Cost recovery may contribute to variability, particularly in the advanced stages of the transition.
