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Post-Communist Recessions Re-Examined

In: Economic Transition in Central Europe and the Commonwealth of Independent States

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  • Tomasz Mickiewicz

Abstract

In this chapter, we wish to explore the determinants of the post-Communist recessions — i.e. the recessions experienced during the 1990s by the twenty-seven countries that emerged from the Soviet Bloc. As will be discussed in this chapter (and again in Chapter 10), most of transition theory focuses on the related but different concept of ‘transitional recession’1— i.e. the recession following the implementation of the liberalization programme.

Suggested Citation

  • Tomasz Mickiewicz, 2005. "Post-Communist Recessions Re-Examined," Studies in Economic Transition, in: Economic Transition in Central Europe and the Commonwealth of Independent States, chapter 6, pages 99-118, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-50434-9_6
    DOI: 10.1057/9780230504349_6
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    References listed on IDEAS

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    1. David Begg & Richard Portes, 1993. "Enterprise debt and economic transformation (Financial restructuring of the state sector in Central and Eastern Europe)," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(1), pages 116-117, January.
    2. Falcetti, Elisabetta & Raiser, Martin & Sanfey, Peter, 2002. "Defying the Odds: Initial Conditions, Reforms, and Growth in the First Decade of Transition," Journal of Comparative Economics, Elsevier, vol. 30(2), pages 229-250, June.
    3. Nauro F. Campos & Abrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 793-836, September.
    4. Gros, Daniel & Suhrcke, Marc, 2000. "Ten Years After: What Is Special about Transition Countries?," Discussion Paper Series 26236, Hamburg Institute of International Economics.
    5. Calvo, Guillermo A & Coricelli, Fabrizio, 1992. "Stagflationary Effects of Stabilization Programs in Reforming Socialist Countries: Enterprise-Side and Household-Side Factors," The World Bank Economic Review, World Bank, vol. 6(1), pages 71-90, January.
    6. Gros,Daniel & Steinherr,Alfred, 2004. "Economic Transition in Central and Eastern Europe," Cambridge Books, Cambridge University Press, number 9780521826389, November.
    7. Guillermo A. Calvo & Fabrizio Coricelli, 1993. "Output Collapse in Eastern Europe: The Role of Credit," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 32-52, March.
    8. Peter Christoffersen & Peter Doyle, 2000. "From Inflation to Growth," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 421-451, July.
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    Cited by:

    1. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Growth in Transition: A Meta-Analysis," William Davidson Institute Working Papers Series wp1057, William Davidson Institute at the University of Michigan.
    2. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Economic Growth: A Meta-Analysis," Working Papers 2013/08, Czech National Bank.

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    More about this item

    Keywords

    Economic Transition; Black Market; Institutional Reform; Stabilization Programme; Soviet Bloc;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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