This paper analyzes the recent Soviet experience of economic reforms, outlines the major options that face economic reformers in the Soviet Union, evaluates the political feasibility of these options, and speculates on possible scenarios of future economic development. The role of public choice...

Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an econometric model of the interplay between economic reform measures, political decisions and economic performance. Several key hypotheses about transition are tested using two-stage...