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The Introduction of Markets in a Hypercentralized Economy: The Case of Romania

Author

Listed:
  • Avner Ben-Ner
  • J. Michael Montias

Abstract

This paper discusses communist Romania, the economy in the Ceausescu era, 1965-1989, the economy after the Revolution of December 22, 1989, and current problems and prospects for the Romanian economy.

Suggested Citation

  • Avner Ben-Ner & J. Michael Montias, 1991. "The Introduction of Markets in a Hypercentralized Economy: The Case of Romania," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 163-170, Fall.
    • Handle: RePEc:aea:jecper:v:5:y:1991:i:4:p:163-70
    Note: DOI: 10.1257/jep.5.4.163
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.5.4.163
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    References listed on IDEAS

    as
    1. Burkett, John P., 1985. "Systemic influences on the physical quality of life: A Bayesian analysis of cross-sectional data," Journal of Comparative Economics, Elsevier, vol. 9(2), pages 145-163, June.
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    Cited by:

    1. Sorin-George TOMA & Catalin GRADINARU & Stefan CATANA, 2022. "How The Most Profitable Companies Operating In Romania Evolved In The Period 2017-2020," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(2), pages 33-40.
    2. Andren, Daniela & Earle, John S. & Sapatoru, Dana, 2005. "The wage effects of schooling under socialism and in transition: Evidence from Romania, 1950-2000," Journal of Comparative Economics, Elsevier, vol. 33(2), pages 300-323, June.
    3. Skoufias, Emmanuel, 2003. "The structure of wages during the economic transition in Romania," Economic Systems, Elsevier, vol. 27(4), pages 345-366, December.
    4. Rada Cristina IRIMIE, 2014. "Daily Life Under Communism. The Case Of Romania," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 3, pages 266-283, April.

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    More about this item

    JEL classification:

    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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