. Russia s transition since 1992 is examined as an example of the neoliberal approach, while China s transition since 1978 is … analyzed as an example of the state directed approach. The primary explanation for China s economically superior transition … state property into a capitalist system, the neoliberal transition strategy and the state directed transition strategy …

, but increased slightly during the transition, while job destruction rose markedly. Heterogeneity in firm employment change … during the socialist period, while they have made a strong positive contribution during the transition. Privatization and …

relatively popular, Russia, Hungary and Bulgaria, reform is slower, more problematic, and aimed toward a welfare state not US … hypotheses about transition are tested using two-stage least squares on a logit model using data for six countries (Bulgaria, the … Czech Republic, Estonia, Hungary, Russia and Slovakia) over their first ten years of freedom. We draw three conclusions from …

, but increased slightly during the transition, while job destruction rose markedly. Heterogeneity in firm employment change … during the socialist period, while they have made a strong positive contribution during the transition. Privatization and …