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Thirty Years of Transition: Eleven Stylised Facts

In: The Palgrave Handbook of Comparative Economics

Author

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  • Oleh Havrylyshyn

    (Carleton University)

Abstract

This chapter presents basic statistical facts on the process of transformation in Central and Eastern Europe over thirty years. The presentation is intentionally descriptive, to be as neutral as possible. Several measures of performance since about 1990 are reviewed including GDP, direct consumption measures, the Gini coefficient and the Human Development Index. The paths of economic reforms and democratisation are also traced. Overall, we present eleven stylised facts, three of which stand out: virtually all communist countries have changed considerably and have integrated significantly into global relations; in the first decade all suffered considerable decline of output, living standards and widening of income distribution; however, the length of the deterioration, its extent and the eventual improvement varied considerably, with Central Europe generally doing better than the former Soviet states.

Suggested Citation

  • Oleh Havrylyshyn, 2021. "Thirty Years of Transition: Eleven Stylised Facts," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 11, pages 287-311, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-50888-3_11
    DOI: 10.1007/978-3-030-50888-3_11
    as

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