IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxiiiy2010i1p169-188.html
   My bibliography  Save this article

Some Considerations on Ending the Process of Economic Transition in Romania and Slovakia

Author

Listed:
  • Cezar SCARLAT
  • Silvia RUCINSKA

Abstract

The collapse of the centrally planned economies in Eastern Europe has triggered complex economic reforms in all former communist countries, on their ways towards freemarket economic systems. Their economies have become real, real-scale, and real-time research laboratories. The multifaceted and difficult processes of economic transition were scientifically examined as far as transition trail, duration, transition strategy. Based on the matrix model of economic systems and economic transition, the paper is valuing the authors’ previous research work in the area. The main objective is to answer to the question: when the economic transition ends (when the economic reform is completed). The authors propose several ways to determine the moment when the economic transition ends, and the duration of the process respectively. Several standpoints (political, economical, managerial) are presented. The study was completed in Romania and Slovak Republic. The research results reveal similarities as well as differences; specific issues are discussed. Assessing the end of economic transition is of top importance in the circumstances of the current global crisis. When the economic recession and transition are overlapping, then the “pendulum effect” might appear and the economic reform ends before reaching its objectives. The models of analysis and research results are important for both academics and practitioners – strategists, policy makers, and managers – not only from Romania and Slovakia or other Eastern European countries but any transitional economy.

Suggested Citation

  • Cezar SCARLAT & Silvia RUCINSKA, 2010. "Some Considerations on Ending the Process of Economic Transition in Romania and Slovakia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 169-188.
    • Handle: RePEc:ers:journl:v:xiii:y:2010:i:1:p:169-188
    as

    Download full text from publisher

    File URL: http://www.ersj.eu/repec/ers/papers/10_1_p12.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 14042.
    2. Bartlomiej Kaminski, 1998. "Poland's transition from the perspective of performance in EU markets," Post-Communist Economies, Taylor & Francis Journals, vol. 10(2), pages 217-239.
    3. Rafis Abazov, 1997. "Formation of the non-state sector and privatisation in Kazakhstan and Uzbekistan," Post-Communist Economies, Taylor & Francis Journals, vol. 9(4), pages 431-448.
    4. Paul J. Siegelbaum & Khaled Sherif & Michael Borish & George Clarke, 2002. "Structural Adjustment in the Transition : Case Studies from Albania, Azerbaijan, Kyrgyz Republic, and Moldova," World Bank Publications - Books, The World Bank Group, number 14052.
    5. Olivier Blanchard & Kenneth Froot & Jeffrey Sachs, 1994. "The Transition in Eastern Europe, Volume 2, Restructuring," NBER Books, National Bureau of Economic Research, Inc, number blan94-3.
    6. Blanchard, Olivier Jean & Froot, Kenneth A. & Sachs, Jeffrey D. (ed.), 1994. "The Transition in Eastern Europe, Volume 2," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226056623, June.
    7. Annette N. Brown (ed.), 1999. "When Is Transition Over?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wito, November.
    8. Jens Holscher, 1997. "Economic dynamism in transition economies: Lessons from Germany," Post-Communist Economies, Taylor & Francis Journals, vol. 9(2), pages 173-181.
    9. Demetrios Giannaros, 2000. "Did the "shock therapy" approach work in the economic restructuring of Eastern Europe? Some evidence from Poland and Russia: a brief review," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 2(1), pages 53-66.
    10. Arbakhan Magomedov, 1998. "Krasnodar Krai: A 'growth pole' in the transitional economy of Russia?," Post-Communist Economies, Taylor & Francis Journals, vol. 10(3), pages 363-374.
    11. Manijeh Sabi, 1997. "Banking in transition: Development and current problems in Azerbaijan," Post-Communist Economies, Taylor & Francis Journals, vol. 9(4), pages 491-499.
    12. Christian VonHirschhausen, 1998. "Industrial restructuring in Ukraine seven years after independence: From socialism to a planning economy?," Post-Communist Economies, Taylor & Francis Journals, vol. 10(4), pages 451-465.
    13. Mohammed Ishaq, 1997. "The Ukrainian economy and the process of reform," Post-Communist Economies, Taylor & Francis Journals, vol. 9(4), pages 501-517.
    14. Wendy K. T. Gubler & Matthew W. McCarter & Kristie K. W. Seawright & Yuli Zhang, 2008. "Service Recovery in Transition Economies: Russia and China," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(1), pages 23-51.
    15. John Marangos, 2005. "Alternative models of transition and institutional development," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 7(4), pages 390-408.
    16. Aristidis Bitzenis, 2007. "Political and economic alternatives for the Central and East European Region and China," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 9(1), pages 101-122.
    17. Aurora Trif, 2008. "The impact of privatisation on the restructuring of large companies: evidence from Romania," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 8(5), pages 565-580.
    18. Anatoliy G. Goncharuk, 2006. "Economic Efficiency in Transition: The Case of Ukraine," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 4(2), pages 129-143.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cezar Scarlat & Eugen I. Scarlat, 2007. "Theoretical Aspects of the Economic Transition: The Case of Romania," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(4), pages 307-331.
    2. Justin Yifu Lin, 2005. "Viability, Economic Transition and Reflection on Neoclassical Economics," Kyklos, Wiley Blackwell, vol. 58(2), pages 239-264, May.
    3. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy : The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland, Institute for Economies in Transition.
    4. repec:zbw:bofitp:2000_008 is not listed on IDEAS
    5. Philippe Rusin, 2007. "Pologne « libérale » versus Pologne « solidaire »," Post-Print halshs-01159197, HAL.
    6. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy: The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    7. Kennedy, Robert E., 1997. "A tale of two economies: Economic restructuring in post-socialist Poland," World Development, Elsevier, vol. 25(6), pages 841-865, June.
    8. repec:lic:licosd:22108 is not listed on IDEAS
    9. Sweder J. G. van Wijnbergen & Tim Willems, 2016. "Learning Dynamics and Support for Economic Reforms: Why Good News Can Be Bad," The World Bank Economic Review, World Bank, vol. 30(1), pages 1-23.
    10. Ichiro Iwasaki, 2004. "Evolution of the Government–Business Relationship and Economic Performance in the Former Soviet States – Order State, Rescue State, Punish State," Economic Change and Restructuring, Springer, vol. 36(3), pages 223-257, September.
    11. V. Bárta, 1996. "Estimation of the Fiscal Stance in the Czech Republic during Transformation: Full Employment Budget Analysis," CERT Discussion Papers 9612, Centre for Economic Reform and Transformation, Heriot Watt University.
    12. repec:bla:etrans:v:11:y:2003-03:i:1:p:3-23 is not listed on IDEAS
    13. Oana-Ramona SOCOLIUC (GURIȚĂ) & Andreea-Oana IACOBUȚĂ-MIHĂIȚĂ & Elena CIORTESCU, 2021. "Private property - the inclusive institution which shaped dissimilar economic dynamics. Evidence from the Czech Republic and Romania," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 213-243, December.
    14. Noland, Marcus & Robinson, Sherman & Wang, Tao, 2000. "Modeling Korean Unification," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 400-421, June.
    15. George F. DeMartino, 2015. "Harming Irreparably: On Neoliberalism, Kaldor-Hicks, and the Paretian Guarantee," Review of Social Economy, Taylor & Francis Journals, vol. 73(4), pages 315-340, December.
    16. Christian Sellar & Rudolf Pástor, 2015. "Mutating Neoliberalism: The Promotion of Italian Investors in Slovakia before and after the Global Financial Crisis," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(2), pages 342-360, March.
    17. Michał Myck & Monika Oczkowska, 2018. "Shocked by therapy? Unemployment in the first years of the socio‐economic transition in Poland and its long‐term consequences," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 695-724, October.
    18. Iwasaki, Ichiro & 岩﨑, 一郎 & イワサキ, イチロウ, 2003. "Transition Strategies and Economic Performances in the Former Soviet States: A Comparative Institutional View," Discussion Paper Series a433, Institute of Economic Research, Hitotsubashi University.
    19. Ulla Grapard, 1997. "Theoretical Issues of Gender in the Transition from Socialist Regimes," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(3), pages 665-686, September.
    20. Luděk Sýkora & Stefan Bouzarovski, 2012. "Multiple Transformations," Urban Studies, Urban Studies Journal Limited, vol. 49(1), pages 43-60, January.
    21. repec:lic:licosd:15304 is not listed on IDEAS
    22. Marianne Afanassieva, 2015. "Survival Through Networks: The 'grip' of the administrative links in the Russian post-Soviet context," Public Management Review, Taylor & Francis Journals, vol. 17(9), pages 1261-1281, October.
    23. Justin Lin & Peilin Liu, 2006. "Economic Development Strategy, Openness and Rural Poverty: A Framework and China's Experiences," WIDER Working Paper Series RP2006-43, World Institute for Development Economic Research (UNU-WIDER).
    24. Justin Yifu Lin & David Rosenblatt, 2012. "Shifting patterns of economic growth and rethinking development," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 15(3), pages 171-194, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xiii:y:2010:i:1:p:169-188. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.