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Values, Institutions, and Models of Institutional Change in Transition Economies

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  • Pasquale Tridico

Abstract

Many transition economies from the old Soviet Union and Eastern Europe have increased their gross domestic product. But the author argues that the conflicts between old institutions and new are holding them back. Mainstream economics does not adequately deal with these issues, and he proposes a less elegant but more accurate and inclusive model to help with these complex transitions.

Suggested Citation

  • Pasquale Tridico, 2013. "Values, Institutions, and Models of Institutional Change in Transition Economies," Challenge, Taylor & Francis Journals, vol. 56(3), pages 6-27.
    • Handle: RePEc:mes:challe:v:56:y:2013:i:3:p:6-27
    DOI: 10.2753/0577-5132560301
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    References listed on IDEAS

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    1. Christopher Gerry & Carmen Li, 2010. "Consumption smoothing and vulnerability in Russia," Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 1995-2007.
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    7. Shang-Jin Wei, 1997. "Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1234-1247, November.
    8. Kornai Janos, 1994. "Transformational Recession: The Main Causes," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 39-63, August.
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    10. Dominik H. Enste & Friedrich Schneider, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March.
    11. Jan Svejnar, 2002. "Assistance to the Transition Economies : Were There Alternatives?," World Bank Publications - Books, The World Bank Group, number 20232.
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