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The hidden transformation: the changing role of the state after the collapse of communism in Central and Eastern Europe

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  • Oskar Kowalewski
  • Krzysztof Rybinski

Abstract

This article reviews the state's role in the transition economies of Central and Eastern Europe. Among the countries, Poland is perceived as the leader because it was the first economy to emerge from the decline following the transition, as well the only EU member state to survive the crisis without a recession. This success is often attributed to the high quality of government. However, we show that this popular perception is false and that state malfunctions on numerous fronts may soon impede Polish growth prospects. In Poland, the only bright spot is the quality of the financial supervision, which should serve as a role model for other countries. We attribute the malfunctions to the EU accession period that resulted in an unchecked growth of the government and contributed to the weakening of political and legal institutions. Copyright 2011, Oxford University Press.

Suggested Citation

  • Oskar Kowalewski & Krzysztof Rybinski, 2011. "The hidden transformation: the changing role of the state after the collapse of communism in Central and Eastern Europe," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(4), pages 634-657.
    • Handle: RePEc:oup:oxford:v:27:y:2011:i:4:p:634-657
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    File URL: http://hdl.handle.net/10.1093/oxrep/grr030
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    Cited by:

    1. Lassoued, Naima & Sassi, Houda & Ben Rejeb Attia, Mouna, 2016. "The impact of state and foreign ownership on banking risk: Evidence from the MENA countries," Research in International Business and Finance, Elsevier, vol. 36(C), pages 167-178.
    2. Hasan, Iftekhar & Jackowicz, Krzysztof & Kowalewski, Oskar & Kozlowski, Lukasz, 2013. "Politically Connected Firms in Poland and Their Access to Bank Financing," Working Papers 13-37, University of Pennsylvania, Wharton School, Weiss Center.
    3. Alwasiak, Stanislaw & Lewandowska-Kalina, Monika & Kalina, Lech & Kowalewski, Oskar & MOzdzen, Michal & Rybinski, Kryzysztof, 2013. "What Determines State Capture in Poland>," Working Papers 13-07, University of Pennsylvania, Wharton School, Weiss Center.
    4. Tseng Shoiw-Mei, 2015. "Poland’s Trade with East Asia: An Outlier Approach," Folia Oeconomica Stetinensia, Sciendo, vol. 15(2), pages 81-100, December.
    5. Kant, Chander, 2018. "Privatization and growth: natural experiments of European economies in transition," MPRA Paper 90302, University Library of Munich, Germany.
    6. Allen, Franklin & Jackowicz, Krzysztof & Kowalewski, Oskar, 2013. "The Effects of Foreign and Government Ownership on Bank Lending Behavior during a Crisis in Central and Eastern Europe," Working Papers 13-25, University of Pennsylvania, Wharton School, Weiss Center.
    7. Krzysztof Mieszkowski & Marcin Kardas, 2015. "Facilitating an Entrepreneurial Discovery Process for Smart Specialisation. The Case of Poland," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(2), pages 357-384, June.
    8. repec:zbw:bofitp:2014_002 is not listed on IDEAS
    9. Katarzyna Szarzec, 2023. "Przedsiębiorstwa państwowe we współczesnej gospodarce – cele i uwarunkowania efektywności działania," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 3, pages 295-314.
    10. Akbar, Yusaf H. & Kisilowski, Maciej, 2015. "Managerial agency, risk, and strategic posture: Nonmarket strategies in the transitional core and periphery," International Business Review, Elsevier, vol. 24(6), pages 984-996.
    11. Hasan, Iftekhar & Jackowicz, Krzysztof & Kowalewski, Oskar & Kozlowski, Lukasz, 2013. "Politically Connected Firms in Poland and Their Access to Bank Financing," Working Papers 13-37, University of Pennsylvania, Wharton School, Weiss Center.
    12. Balázs Égert & Antoine Goujard, 2014. "Strengthening Competition in Poland," OECD Economics Department Working Papers 1125, OECD Publishing.

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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