A Note on Reform Reversals and Output Growth in Transition Economies
AbstractThe abandonment of central planning led to considerable output declines in countries in the former soviet-bloc. The magnitude and length of the output declines, as well as recovery experiences have been very diverse. Various determinants of outpt growth have been identified in the literature. One of most important elements in the traditional phase is the evolution to the market system. The closer an economy to a marketsystem, the more beneficial effects on growth expected.
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Bibliographic InfoPaper provided by LICOS - Centre for Institutions and Economic Performance, KU Leuven in its series LICOS Discussion Papers with number 9400.
Length: 21 pages
Date of creation: 2000
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-03 (All new papers)
- NEP-MFD-2003-11-03 (Microfinance)
- NEP-TRA-2003-11-03 (Transition Economics)
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