The author highlights the striking difference between the economic transition of the Czech Republic and Hungary. These …

Hungarian economist János Kornai first used the metaphor of a single path to postsocialist transition in his earlier … perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai … ongoing dilemmas. The transition from communism to free enterprise is filled with daunting hurdles; it requires no less than …

The transition from socialism to capitalism in former socialist economies is one of the main economic events of the … research in transition shows not only that institutions matter but also how their evolution toward higher efficiency depends on … initial conditions and on sustained political support. Unlike early policy literature on transition economics, which focused …

The transition of the former socialist and otherwise centrally planned economies into the world trading and financial … address the principal issues raised by this transition. The chapters, which cover fourteen countries of East and Central … possible difficulty of sustaining rapid transition reforms and globalization in the face of rising unemployment. The countries …

the transition. The Czech Republic and Hungary have had some success moving into the production and export of more …

Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high … economics from transition economics. …

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment … real output and living standards during the transition may be a statistical artifact rather than a real phenomenon. …

country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts … increasing and become positive after a (quite a) few years of transition. Many authors conclude that this is a gain in efficiency …