Beckmann, Elisabeth; Fidrmuc, Jarko - In: European Journal of Comparative Economics 9 (2012) 1, pp. 31-49
We analyse trade between countries of the Council of Mutual Economic Assistance in Eastern Europe between 1950 and 1990 …. Despite central planning of the CMEA, we show that trade could be explained by standard demand factors surprisingly well. We … improved terms of trade with the rest of the world and the CMEA as a whole responded to the oil crisis by intensifying intra …
