About the Economic Transformation in the Post-Communist Countries of Central Europe

Kirill R. Kopylov
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Kirill R. Kopylov: Department of Economics and Management, Interregional Open Social Institute, Yoshkar-Ola,Russian Federation

Noble International Journal of Economics and Financial Research, 2016, vol. 1, issue 1, 1-5

Abstract: The article describes the initial stage of economic transformation, with the analysis of conditions in which the post-communist countries of Central Europe were in 1989. The basic source factors affecting the dynamics of socio-economic development in these countries are shown too. The method of comparative analysis of the countries of the former socialist bloc considered various factors that may affect the pace of economic transformation. It was found out that there was the faster process of recovery of the market economy in the countries with the objective historical background of the economic decentralization. It has been observed that the rate of nationalization of the economy during the Soviet occupation in different countries was different, and in the countries where nationalization of the economy took the longest time, the standard of living, in particular, GDP per capita was the highest. The influence of the country’s population on the pace of economic transformation confirmed.

Keywords: Economic Decentralization; Transition Economy; Central European Economies; Post-Communist Countries; Market Economy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nap:nijefr:2016:p:1-5

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