Thirty Years of Transition: Eleven Stylised Facts
Oleh Havrylyshyn ()
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Oleh Havrylyshyn: Carleton University
Chapter 11 in The Palgrave Handbook of Comparative Economics, 2021, pp 287-311 from Springer
Abstract This chapter presents basic statistical facts on the process of transformation in Central and Eastern Europe over thirty years. The presentation is intentionally descriptive, to be as neutral as possible. Several measures of performance since about 1990 are reviewed including GDP, direct consumption measures, the Gini coefficient and the Human Development Index. The paths of economic reforms and democratisation are also traced. Overall, we present eleven stylised facts, three of which stand out: virtually all communist countries have changed considerably and have integrated significantly into global relations; in the first decade all suffered considerable decline of output, living standards and widening of income distribution; however, the length of the deterioration, its extent and the eventual improvement varied considerably, with Central Europe generally doing better than the former Soviet states.
Keywords: Post-communist transition; Economic reforms; Democratisation; Central Europe; Former Soviet states (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-50888-3_11
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