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Former Communist Countries and their transition to Capitalism

Author

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  • Hernan J. Moscoso Boedo

Abstract

This paper uses the technology adoption general equilibrium model developed by Moscoso Boedo (2006) to analyze the transition for the countries of the former USSR and Eastern Europe. There the real output displayed a U-shapped pattern together with increases in inequality, which are features matched by the model

Suggested Citation

  • Hernan J. Moscoso Boedo, 2006. "Former Communist Countries and their transition to Capitalism," Virginia Economics Online Papers 372, University of Virginia, Department of Economics.
    • Handle: RePEc:vir:virpap:372
    as

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    File URL: http://repec.as.virginia.edu/RePEc/vir/virpap/papers/virpap372.pdf
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    References listed on IDEAS

    as
    1. Moscoso Boedo, Hernan J., 2010. "Optimal technology and development," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 617-634, June.
    2. Hernan J. Moscoso Boedo, 2006. "Optimal Technology, Development and the role of Government," Virginia Economics Online Papers 371, University of Virginia, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Transition economies; skill biased technological change; skill premium; endogenous technology; inequality;
    All these keywords.

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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