Post-communist recessions re-examined

Tomasz Mickiewicz

No 55, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

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).

Keywords: Transition; Recession JEL classification numbers: P24; P30 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2005-06
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Citations: View citations in EconPapers (2)

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Related works:
Chapter: Post-Communist Recessions Re-Examined (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:55

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