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Das Gutachten behandelt zunächst die polnische Wirtschaftsentwicklung des Jahres 1988, d.h. die gesamtwirtschaftlichen und sektoralen Ergebnisse sowie die binnen- und außenwirtschaftlichen Probleme. Danach werden die Reformvorstellungen des Jahres 1988 analysiert und insbesondere auf die...
Persistent link: https://www.econbiz.de/10013370413
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014159658
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014159754
In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy and Ickes has gained popularity. The hypothesis states that the country has not moved towards free-market economy but developed a system of implicit price subsidization similar to...
Persistent link: https://www.econbiz.de/10014118904
economic liberalization. It seems that the economic authorities have sustained more transformation efforts during 2015 … and accelerating the implementation of institutional transformation, primarily by fostering elimination of existing … administrative mechanisms of inefficient resource allocation. Based on the experience of the CEE countries’ economic transformation …
Persistent link: https://www.econbiz.de/10014098817
external shocks. Overheating is further amplified during economic transformation by market actors adapting to network …
Persistent link: https://www.econbiz.de/10012294011
economic liberalization. It seems that the economic authorities have sustained more transformation efforts during 2015 … and accelerating the implementation of institutional transformation, primarily by fostering elimination of existing … administrative mechanisms of inefficient resource allocation. Based on the experience of the CEE countries’ economic transformation …
Persistent link: https://www.econbiz.de/10012230880
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10013317940
The paper evaluates the effect of the speed and extent of reforms in twenty-five transition economies on growth and inflation, taking account of the endogeneity of reform choices vis a vis factors that may also influence outcomes. The results suggest that more comprehensive reforms result in a...
Persistent link: https://www.econbiz.de/10014168992
Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China, is limited. In this paper, we propose two channels...
Persistent link: https://www.econbiz.de/10013454412