Transformation crisis in post‐socialist countries: patterns and causes

Abstract

Discusses the literature on the inter‐country differences in the pattern and magnitude of the transformation crisis in post‐socialist coutries. Describes and analyses the stylized facts regarding the transformational crises in these countries. Summarizes the main explanations for the crisis focusing on the institutional dysfunction‐induced output fall. Presents a model of the system‐switch output decline.

Citation

Zukowski, R. (1996), "Transformation crisis in post‐socialist countries: patterns and causes", International Journal of Social Economics, Vol. 23 No. 10/11, pp. 279-296. https://doi.org/10.1108/03068299610149598