Transition Strategies and Economic Performances in the Former Soviet States: A Comparative Institutional View

Ichiro Iwasaki, 一郎 岩﨑 and イチロウ イワサキ

No a433, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: The objective of this paper is to elucidate the relationship between the reform process and economic performance in the states of the former Soviet Union (FSU). There were two strategies used by the former Soviet states to cope with the collapse of the USSR. Some of the FSU countries, in an effort to overcome the institutional vacuum caused by the disintegration of the federal economy, centralized their government authority to manage industry. Others decentralized power in an attempt to regain economic independence for domestic enterprises. To evaluate the essential differences and progress gaps among transition strategies, FSU countries can be divided into three groups, which reflect variations in institutional control of the government-business relationships. The differences in economic performance in FSU countries can be explained to some extent by examining the diversity of institutional patterns that characterize each category. The results of various empirical analyses positively support the validity of such an analytical framework. In this sense, this paper presents a new viewpoint on the transition process in FSU countries that may complement that shown in existing literature.

Keywords: transition; government-business relationship; the Former Soviet Union (search for similar items in EconPapers)
JEL-codes: P27 P30 P51 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2003-01
New Economics Papers: this item is included in nep-cwa, nep-his and nep-tra
Note: Bibliography: p. 16-19
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a433

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