Post-communist recessions re-examined

Research output: Working paper

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).
Original languageEnglish
Place of PublicationLondon (UK)
PublisherUniversity College London
Number of pages24
Publication statusPublished - Jun 2005

Publication series

NameEconomics working paper
PublisherUCL SSEES : Centre for comparative economics
No.55

Keywords

  • transition
  • recession

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    Mickiewicz, T. (2005). Post-communist recessions re-examined. (Economics working paper; No. 55). University College London. http://discovery.ucl.ac.uk/17514/1/17514.pdf