The economics of post-communist transition / Olivier Blanchard.

Format:

Book

Author/Creator:

Blanchard, Olivier (Olivier J.)

Series:

Clarendon lectures in economics.

Clarendon lectures in economics

Language:

English

Subjects (All):

Structural adjustment (Economic policy)--Europe, Eastern.

Structural adjustment (Economic policy).

Privatization--Europe, Eastern.

Privatization.

Europe, Eastern--Economic conditions--1989-.

Europe, Eastern.

Physical Description:

1 online resource (164 p.)

Edition:

1st ed.

Place of Publication:

Oxford ; New York : Clarendon Press, 1997.

Language Note:

English

Summary:

This book, by a distinguished economist who has worked on transition since its beginning, is one of the first to present a unified analysis of transition. Transition in Central and Eastern Europe has led to a U-shaped response of output, that is, a sharp decline in output followed by recovery. This U-shaped response, its causes and its implications, are the subject of this text. Blanchard analyses the basic mechanisms at work, and draws policy implications. TheEconomics of Post-Communist Transition is now available in paperback for the first time.

Contents:

Intro

Preface

Contents

List of Figures

List of Tables

1. The Basic Facts

1.1 The Evolution of Aggregate Output

1.2 Composition Effects and the Evolution of Manufacturing Output

1.3 The Evolution of Productivity and Employment

1.4 Unemployment

1.5 Investment

1.6 Perceptions of Pain and Progress

1.7 Summary and Comparisons: East Germany, Russia

Appendix

Notes

2. The Basic Mechanisms

2.1 Reallocation

2.2 Disorganization

2.3 Restructuring

2.4 Macroeconomic Policies

2.5 Conclusions

3. Looking at the Pieces

3.1 The Initial Adjustment of State Firms

3.2 Restructuring and Privatization

3.3 Reallocation, Flows, and Unemployment

4. Putting the Pieces Together

4.1 A Benchmark Model

4.2 Policies and Transition

4.3 Derailments, and Other Extensions

4.4 Conclusions

References

Index

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

Y

Z.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [135]-141) and index.

Description based on publisher supplied metadata and other sources.

ISBN:

1-282-26837-6

9786612268373

OCLC:

316210131