The evolution of post-communist countries: An interpretation from the perspective of cooperation
How do we account for the difficulties that former socialist countries experienced in the beginning of transition? Why is it that some countries performed relatively better (the Baltic and Central European countries) than others (Bulgaria and Romania)? Why in the second half of 1990s, and especially immediately before the EU enlargement, almost all of the former Soviet bloc countries achieved better results? And how can we explain the problems facing the new member-states after they joined the EU and euro funds began to flow in? In short, the basic hypothesis we present is the following both the transition phases and the diversity of trajectories of post-communist countries are the result of the difference in prevailing strategic behaviours. This difference determines the models of cooperation, namely the two main archetypes that of the prisoner’s dilemma and the stag hunter, applied at the socioeconomic context of post-communist transition. These two archetypal societal models are on their part conditional on the existence of external and internal anchors. While with the prisoner’s dilemma, that became a model of total exchange under the conditions of high social heterogeneity and broken informational channels, it is profitable not to cooperate, under the stag hunter model (a model involving a common goal, a common project) advantageous in general are cooperative strategies. The various countries in different phases can be approximated to either one or the other game – the prisoner’s dilemma or the stag hunter. A shift to the cooperative game becomes possible as a result of the operation of internal or external anchors. For instance, in the beginning of the transition, with no clear vision in sight amid an outburst of large diversity of economic and social actors, and old system’s information channels falling to pieces, the appropriate analytical model to apply would be the prisoner’s dilemma. And vice versa, later on, especially when a decision was adopted to join the EU and with pre-accession chapters being opened and closed, i.e. an external anchor emerging, appropriate for analytical reasoning becomes the stag hunter game model.
|Date of creation:||Feb 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Corso Unione Sovietica, 218bis - 10134 Torino - Italy|
Phone: +39 011 6706060
Fax: +39 011 6706062
Web page: http://www.esomas.unito.it/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nikolay Nenovsky & Y. Rizopoulos, 2003. "Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria," Post-Print halshs-00259844, HAL.
- Roland, Gérard & Verdier, Thierry, 2000.
"Law Enforcement and Transition,"
CEPR Discussion Papers
2501, C.E.P.R. Discussion Papers.
- Roland, G. & Verdier, T., 2000. "Law Enforcement and Transition," DELTA Working Papers 2000-25, DELTA (Ecole normale supérieure).
- Gerard Roland & Thierry Verdier, 1999. "Law Enforcement and Transition," William Davidson Institute Working Papers Series 262, William Davidson Institute at the University of Michigan.
- M. Berlemann & Nikolay Nenovsky, 2003.
"Lending of First Versus Lending of Last Resort: The Bulgarian Financial Crisis of 1996/1997,"
- Berlemann, Michael & Nenovsky, Nikolay, 2003. "Lending of first versus lending of last resort: The Bulgarian financial crisis of 1996/1997," Dresden Discussion Paper Series in Economics 11/03, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
- M. Berlemann & Nikolay Nenovsky, 2004. "Lending of First versus Lending of Last Resort: The Bulgarian Financial Crisis of 1996/1997," Post-Print halshs-00259740, HAL.
- Jànos Kornai, 2000.
"What the Change of System from Socialism to Capitalism Does and Does Not Mean,"
Journal of Economic Perspectives,
American Economic Association, vol. 14(1), pages 27-42, Winter.
- Kornai, Janos, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Scholarly Articles 3634160, Harvard University Department of Economics.
- Bernard Chavance, 2008. "Formal and Informal Institutional Change : the Experience of Postsocialist Transformation," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 5(1), pages 57-71, June.
- Nikolay Nenovsky & Y. Rizopoulos, 2004.
"Peut-on mesurer le changement institutionnel du régime monétaire?,"
- Nikolay Nenovsky & Yorgos Rizopoulos, 2004. "Peut-on mesurer le changement institutionnel du régime monétaire ?," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 17-36.
- Nikolay Nenovsky & Y. Rizopoulos, 2003. "Peut-on mesurer le changement institutionnel du régime monétaire?," Post-Print halshs-00259754, HAL.
- Nikolay Nenovsky, 2003. "Peut-on mesurer le changement institutionnel du régime monétaire ?," Post-Print halshs-00260463, HAL.
- Leonid POLISHCHUK, 2008. "Misuse of Institutions: Patterns and Causes," The Journal of Comparative Economic Studies (JCES), The Japanese Society for Comparative Economic Studies (JSCES), vol. 4, pages 57-80, December.
- Aslund,Anders, 2002.
Cambridge University Press, number 9780521801393, June.
- Beck, T.H.L. & Laeven, L., 2006.
"Institution building and growth in transition economies,"
Other publications TiSEM
b872919e-8dac-46d6-9c0a-6, Tilburg University, School of Economics and Management.
- Beck, Thorsten & Laeven, Luc, 2005. "Institution building and growth in transition economies," Policy Research Working Paper Series 3657, The World Bank.
- Beck, Thorsten & Laeven, Luc, 2006. "Institution Building and Growth in Transition Economies," CEPR Discussion Papers 5718, C.E.P.R. Discussion Papers.
- Guido Tabellini, 2007. "The Scope of Cooperation: Norms and Incentives," Levine's Working Paper Archive 321307000000000866, David K. Levine.
- Nikolay Nenovsky, 2009.
"Monetary Regimes in Post-Communist Countries. Some Long-Term Reflections,"
Working paper series
12009en, Agency for Economic Analysis and Forecasting.
- Nikolay Nenovsky, 2010. "Monetary Regimes In Post-Communist Countries Some Long-Term Reflections," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 57, pages 217-234, november.
- Steve Pejovich, 2003. "Understanding the transaction costs of transition: it's the culture, stupid," ICER Working Papers 24-2003, ICER - International Centre for Economic Research.
- John Marangos, 2002. "A Political Economy Approach to the Neoclassical Model of Transition," American Journal of Economics and Sociology, Wiley Blackwell, vol. 61(1), pages 259-276, 01.
- Colombatto, Enrico, 2002. "Is There an Austrian Approach to Transition?," The Review of Austrian Economics, Springer, vol. 15(1), pages 61-74, January.
- Andrei Yakovlev, 2004. "Evolution of corporate governance in Russia: government policy vs. real incentives of economic agents," Post-Communist Economies, Taylor & Francis Journals, vol. 16(4), pages 387-403.
- Polterovich, Victor, 2007. "Institutional Trap," MPRA Paper 20595, University Library of Munich, Germany.
- Svetozar Pejovich, 2003. "Understanding the Transaction Costs of Transition: it's the Culture, Stupid," The Review of Austrian Economics, Springer, vol. 16(4), pages 347-361, December.
- Jan Winiecki, 2004. "Determinants of catching up or falling behind: interaction of formal and informal institutions," Post-Communist Economies, Taylor & Francis Journals, vol. 16(2), pages 137-152.
- Stephan Barisitz, 2008. "Banking Transformation (1989 - 2006) in Central and Eastern Europe - With Special Reference to Balkans," Working Papers 78, Bank of Greece.
When requesting a correction, please mention this item's handle: RePEc:icr:wpicer:03-2010. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simone Pellegrino)
If references are entirely missing, you can add them using this form.