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A Note on Reform Reversals and Output Growth in Transition Economies

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  • Bruno Merlevede

Abstract

The 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.

Suggested Citation

  • Bruno Merlevede, 2000. "A Note on Reform Reversals and Output Growth in Transition Economies," LICOS Discussion Papers 9400, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
  • Handle: RePEc:lic:licosd:9400
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    File URL: http://www.econ.kuleuven.be/licos/publications/dp/dp94.PDF
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    Cited by:

    1. Merlevede, Bruno & Schoors, Koen, 2005. "On the speed of economic reform: tale of the tortoise and the hare," BOFIT Discussion Papers 11/2005, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Falcetti, Elisabetta & Raiser, Martin & Sanfey, Peter, 2002. "Defying the Odds: Initial Conditions, Reforms, and Growth in the First Decade of Transition," Journal of Comparative Economics, Elsevier, vol. 30(2), pages 229-250, June.

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