Post-communist recessions re-examined

Abstract

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).

Divisions: Aston Business School > Economics, Finance & Entrepreneurship
Uncontrolled Keywords: transition,recession
Full Text Link: http://discover ... 514/1/17514.pdf
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PURE Output Type: Working paper
Published Date: 2005-06
Authors: Mickiewicz, Tomasz ( 0000-0001-5261-5662)

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Version: Published Version

License: Creative Commons Attribution


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