Post-Communist Recessions Re-examined
AbstractWe apply simple econometric methods to evaluate the factors that determined the length and depth of the post-Communist recessions. Early implementation of the stabilisation and liberalisation programmes made the recessions weaker. Wars had strong negative impact. Initial trade dependence made recessions more serious. The results are discussed with reference to the existing explanations of the ‘transitional recessions’, in particular Calvo and Coricelli (1992, 1993), Blanchard and Kremer (1997) and Blanchard (1997).
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Bibliographic InfoPaper provided by CENTRE FOR THE STUDY OF ECONOMIC AND SOCIAL CHANGE IN EUROPE,School of Slavonic and East European Studies,University College London (SSEES,UCL) in its series Working Papers with number 55.
Length: 24 pages
Date of creation: May 2005
Date of revision:
Transition; Recession JEL classification numbers: P24; P30;
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- Rec - Urban, Rural, Regional, Real Estate, and Transportation Economics - - - - -
- JEL - Labor and Demographic Economics - - - - -
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- num - - - - - -
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
- P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
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- Jan Babecky & Tomas Havranek, 2013.
"Structural Reforms and Growth in Transition: A Meta-Analysis,"
Working Papers IES
2013/14, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2013.
- Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Growth in Transition: A Meta-Analysis," William Davidson Institute Working Papers Series wp1057, William Davidson Institute at the University of Michigan.
- Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Economic Growth: A Meta-Analysis," Working Papers 2013/08, Czech National Bank, Research Department.
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