Recovery Growth as a Stage of Post-Socialist Transition
AbstractUnfolding in 3-7 years after the collapse of socialism, economic growth at its first stage has a recovery nature. It appears secured by a new system of market institutions that provide other than under socialism fundamentals allowing for a reorganization of economic relations and boosting volume of output of goods and services that enjoy effective demand. At the recovery growth stage, the post socialist governments' mission should be casting preconditions for the transition from recovery growth stage to investment-based growth, with the latter basing on capital investment and creation of new production capacities. The major challenge today is promotion of reforms to ensure a sustainable long-term growth, and laying down socioeconomic fundamentals of the post-industrial society. This determines the core of the ongoing transformation and the main challenge that almost all post-socialist countries will be facing over next decades.
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 CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0292.
Length: 14 Pages
Date of creation: 2005
Date of revision:
transition; post-socialist economies; economic growth; recovery growth; economic reform;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Igor Pelipas & Alexander Chubrik, 2008. "Market Reforms and Growth in Post-socialist Economies: Evidence from Panel Cointegration and Equilibrium Correction Model," William Davidson Institute Working Papers Series wp936, William Davidson Institute at the University of Michigan.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Katarzyna SidÅ‚o).
If references are entirely missing, you can add them using this form.