This paper examines aspects of speed and sequencing of restructuring and privatization in economies in transition. It …

economic transition. The big bang approach emphasizes the importance of windows of opportunity when ex ante political … reforms so as to build, at each stage of transition, constituencies for further reform. …

This paper considers a simple model of economic transition to analyse the dynamics of preferences over economic policy … the early stages of the transition, the private sector expands at a rate that is lower than the rate at which the state … subsidy to the state sector, which has the effect of slowing down the transition. The analysis focuses on the dynamic …

This paper analyses the political economy of transition in the Soviet Union since Perestroika. It is argued that no … necessitating an increase in the speed of economic transition, in a situation where the political conditions for further reform had … transition and stabilization delays the adoption of necessary economic measures. …

We present a model of large-scale economic reforms, modelled on the transition process in Eastern Europe, with …