Post-communist recessions re-examined
We 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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- Calvo, Guillermo A & Coricelli, Fabrizio, 1992. "Stagflationary Effects of Stabilization Programs in Reforming Socialist Countries: Enterprise-Side and Household-Side Factors," World Bank Economic Review, World Bank Group, vol. 6(1), pages 71-90, January.
- 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.
- Nauro F. Campos & Abrizio 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.
- 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.
- Guillermo Calvo & Fabrizio Coricelli, 1992.
"Output Collapse in Eastern Europe; The Role of Credit,"
IMF Working Papers
92/64, International Monetary Fund.
- Guillermo A. Calvo & Fabrizio Coricelli, 1993. "Output Collapse in Eastern Europe: The Role of Credit," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 32-52, March.
- Falcetti, Elisabetta & Raiser, Martin & Sanfey, Peter, 2002. "Defying the Odds: Initial Conditions, Reforms, and Growth in the First Decade of Transition," Journal of Comparative Economics, Elsevier, vol. 30(2), pages 229-250, June.
- Daniel Gros & Marc Suhrcke, 2000.
"Ten Years After: What is Special about Transition Countries?,"
CESifo Working Paper Series
327, CESifo Group Munich.
- Gros, Daniel & Suhrcke, Marc, 2000. "Ten years after : what is special about transition countries?," HWWA Discussion Papers 86, Hamburg Institute of International Economics (HWWA).
- Gros,Daniel & Steinherr,Alfred, 2004.
"Economic Transition in Central and Eastern Europe,"
Cambridge University Press, number 9780521533799, October.
- Peter Christoffersen & Peter Doyle, 2000. "From Inflation to Growth," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 421-451, July.
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