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).
|Place of Publication||London (UK)|
|Publisher||University College London|
|Number of pages||24|
|Publication status||Published - Jun 2005|
|Name||Economics working paper|
|Publisher||UCL SSEES : Centre for comparative economics|