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According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this article we empirically test the welfare implications of privatization policies in Post-Soviet countries by using cross-national panel mortality data as an indicator of social...
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a number of Central and Eastern European countries, Russia, and China. We use metadata from 33 studies of 10 transition …-time variation in rates of return as a function of the timing, speed, and volatility of reform processes as well as estimation … schooling. We report the systematic effects of sample characteristics, estimation methods, and model specifications on estimated …
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Recently, Blanchard and Kremer (BK) argued that disorganization has led to the output decline in the former Soviet Union. In this paper we introduce liquidity and credit constraints into the BK model and show how these problems can alleviate the hold-up problem. We argue further that barter...
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