Gradualistic strategy of transition to market economy

Giorgi Mikeladze and Simon Gelashvili
Additional contact information
Giorgi Mikeladze: Tbilisi State University, Georgia
Simon Gelashvili: Tbilisi State University, Georgia

Theoretical and Applied Economics, 2016, vol. XXIII, issue 4(609), Winter, 237-242

Abstract: Following the collapse of the Soviet Union, post-Soviet countries started transition to the market economy, giving birth to various economic theories. The article presents review of Gradualistic theory of transition to the market economy and empirical research based on the economic indicators of China. In the model percentage values of savings and total investments are taken as variables indicating to the financial capabilities of the State. Empirical research demonstrated that norm for total investments and savings has direct growing relationship with the Gross Domestic Product, which is a logical outcome. Moreover, factors of government reform activities and government support have also direct growing relationship with the growth in Gross Domestic Product. Received outcomes are adequate to the theoretical model and indicate to the efficiency of Gradualistic strategy.

Keywords: Shock Therapy; Gradualist Transformation; gross domestic product; government force. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://store.ectap.ro/articole/1235.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1235&rid=125 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:4(609):p:237-242

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().