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Microeconomic Aspects of Economic Growth in Eastern Europe and the Former Soviet Union, 1950-2000 Author info | Abstract | Publisher info | Download info | Related research | Statistics Sergei Guriev
Barry W. Ickes
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The theme of this paper is the microeconomics of economic growth in Central and Eastern Europe (CEE) and the Newly Independent States (NIS) over the period 1950-2000. The key structural change in this region is the end of the socialist regime in 1989 and 1992, and the subsequent attempt at transition to a market economy. We begin the paper with an examination of the key legacies from the socialist period. We then examine the key microeconomic actors in transition economies: households, enterprises, and government officials. Although there are many common processes at work, differences in economic performance tend to coincide with the geographical divide. Legacies play an important part. We also argue that differences in openness also plays an important role in generating different outcomes. These factors, combined with defects in the political and legal system, have given rise to a vicious circle of resistance to reform in the NIS.
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Paper provided by William Davidson Institute at the University of Michigan Stephen M. Ross Business School in its series William Davidson Institute Working Papers Series with number
348.
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Date of creation: 01 Nov 2000Date of revision:
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Richard E. Ericson, 2002.
"The Russian economy ,"
Discussion Papers
0102-07, Columbia University, Department of Economics.
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Nauro F. Campos & Fabrizio Coricelli, 2002.
"Growth in Transition: What We Know, What We Don't, and What We Should ,"
William Davidson Institute Working Papers Series
470, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
[Downloadable!]
Other versions:
Campos, Nauro F & Coricelli, Fabrizio, 2002.
"Growth in Transition: What we Know, What we Don't and What we Should ,"
CEPR Discussion Papers
3246, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Nauro F. Campos & Fabrizio Coricelli, 2002.
"Growth in Transition: What We Know, What We Don't, and What We Should ,"
Journal of Economic Literature ,
American Economic Association, vol. 40(3), pages 793-836, September.
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