Supply Responses in the Economies of the Former Soviet Union
AbstractOutput decline has been a feature of the transition economies in the initial post-communist period, including in those countries that belonged to the former Soviet Union. However, explanations for the decline and its persistence have not been easy to find, and mostly they have focussed upon domestic factors in each economy. The theory of disorganization introduced the idea that disrupted supply chains following the demise of central planning might have a role in the explanation of output decline. This paper extends that idea to distinguish between supply from domestic sources, and supply from abroad. Using data for Ukraine and Kazakhstan, the paper finds - contrary to expectation - that the disruption of supplies from hard currency markets was more significant in explaining output decline in these countries than disruption of supplies from CIS partners. This suggests that institutional weaknesses in the areas of international banking, trade insurance, and the like, have been very important factors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 0009.
Date of creation: 2000
Date of revision:
trade; transition economies; CIS; disorganization; output decline.;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dani Rodrik, 1994.
"Foreign Trade in Eastern Europe's Transition: Early Results,"
in: The Transition in Eastern Europe, Volume 2: Restructuring, pages 319-356
National Bureau of Economic Research, Inc.
- Rodrik, Dani, 1992. "Foreign Trade in Eastern Europe's Transition: Early Results," CEPR Discussion Papers 676, C.E.P.R. Discussion Papers.
- Dani Rodrik, 1992. "Foreign Trade in Eastern Europe's Transition: Early Results," NBER Working Papers 4064, National Bureau of Economic Research, Inc.
- J. M. C. Rollo & J. Stern, 1992. "Growth and Trade Prospects for Central and Eastern Europe," The World Economy, Wiley Blackwell, vol. 15(5), pages 645-668, 09.
- Hamilton, C.B. & Winters, L.A., 1992. "Opening Up International Trade in Eastern Europe," Papers 511, Stockholm - International Economic Studies.
- Blanchard, Olivier & Kremer, Michael, 1997.
The Quarterly Journal of Economics,
MIT Press, vol. 112(4), pages 1091-1126, November.
- Blanchard, Olivier & Kremer, Michael R., 1997. "Disorganization," Scholarly Articles 3659691, Harvard University Department of Economics.
- Blanchard, O & Kremer, M, 1996. "Disorganization," Working papers 96-30, Massachusetts Institute of Technology (MIT), Department of Economics.
- Olivier Blanchard & Michael Kremer, 1997. "Disorganization," William Davidson Institute Working Papers Series 38, William Davidson Institute at the University of Michigan.
- Rodrik, Dani, 1992.
"Making Sense of the Soviet Trade Shock in Eastern Europe: A Framework and Some Estimates,"
CEPR Discussion Papers
705, C.E.P.R. Discussion Papers.
- Dani Rodrik, 1992. "Making Sense of the Soviet Trade Shock in Eastern Europe: A Framework and Some Estimates," NBER Working Papers 4112, National Bureau of Economic Research, Inc.
- Alan A. Bevan & Saul Estrin & Paul G. Hare & Jon Stern, 2001. "Extending the economics of disorganization," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 9(1), pages 105-114, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Professor Mark Schaffer).
If references are entirely missing, you can add them using this form.