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Different paths of the second transition in the post-Soviet world: a political-economic analysis

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Libman, Alexander

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Abstract

The first generation of economic reforms in the post-Soviet countries mostly resulted in formation of sustainable inefficient institutional equilibria, what may be described as the transition from “plan” to “clan”. Therefore the problem of the “second transition” from “clan” to “market” becomes especially important, turning in the centre of the transition studies. In the last years many post-Soviet states initiated the second wave of reforms, including restructuring of the banking system, of the housing and communal services and of natural monopolies, enhancing competition on markets for goods and services, as well as further reforms in the public sector. The paper aims to explain the perspectives of the “second transition” from a political-economic point of view, which considers the process of reforms as result of the interaction of different political and economic actors formed in turn of the “first transition”. The paper discusses the triggers of the second transition, choice of different scenarios of transition and its major threats.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11781.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:11781

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Related research
Keywords: Second transition; interest groups; post-Soviet countries;

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Find related papers by JEL classification:
P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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  1. Blanchard, Olivier & Kremer, Michael, 1997. "Disorganization," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1091-1126, November.
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  2. Libman, Alexander, 2007. "Ex ante and ex post institutional convergence: Case of the post-Soviet space," MPRA Paper 10938, University Library of Munich, Germany. [Downloadable!]
  3. Acemoglu, Daron & Johnson, Simon & Robinson, James A, 2004. "Institutions as the Fundamental Cause of Long-Run Growth," CEPR Discussion Papers 4458, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Irina Slinko & Ekaterina Zhuravskaya & Evgeny Yakovlev, 2005. "Laws for Sale: Evidence from Russia," American Law and Economics Review, Oxford University Press, vol. 7(1), pages 284-318. [Downloadable!] (restricted)
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  5. Leonid Polishchuk & Alexei Savvateev, 2004. "Spontaneous (non)emergence of property rights," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(1), pages 103-127, 03. [Downloadable!] (restricted)
  6. Doner, Richard F. & Ritchie, Bryan K. & Slater, Dan, 2005. "Systemic Vulnerability and the Origins of Developmental States: Northeast and Southeast Asia in Comparative Perspective," International Organization, Cambridge University Press, vol. 59(02), pages 327-361, April. [Downloadable!]
  7. R. Hirschowitz, 1989. "The Other Path: The Invisible Revolution in the Third World," South African Journal of Economics, Economic Society of South Africa, vol. 57(4), pages 266-272, December. [Downloadable!] (restricted)
  8. Sonin, Konstantin, 2003. "Why the rich may favor poor protection of property rights," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 715-731, December. [Downloadable!] (restricted)
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  9. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472 Elsevier. [Downloadable!] (restricted)
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