The Transition to the Market Economy

Erscheinungsjahr 1997
ISBN: 978-0-415-12434-8
Verlag: Routledge

Buch, Englisch, 1720 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 3048 g

Reihe: Critical Perspectives on the World Economy

This collection draws together the most significant writings on the economics of transition. Although there are a wide range of examples from different countries and industries, the focus is on analysis of the key issues. These include:

* macroeconomics and stabilization
* liberalization and the establishment of markets
* property rights and the legal framework
* reform of banking and finance, agriculture, and the trading system
* the functioning of labour markets
This collection draws on material from an enormous range of sources. It includes articles by Barry Eichengreen, Oliver Blanchard, Stanley Fischer and Janos Kornai.

Autoren/Hrsg.

Davis, Junior

Hare, Paul

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

Preface



VOLUME I

Introductory overview by P. G. Hare and J R. Davis

Part I Political economy of transition

- On the speed of transition in Central Europe

P. Aghion and 0. J. Blanchard

- Lessons of the first four years of systemic change in

Eastern Europe

A. Aslund

- Common fallacies in the debate on the economic

transition in Central and Eastern Europe

L. Balcerowicz

- Transition in Poland

- J Blanchard

- Output collapse in Eastern Europe: the role of credit

G. A. Calvo and F. Coricelli

- Interventionist pressures on a policy maker during the

transition to economic freedom (personal experience)

- Dabrowski

- Transformation, depression, and economics: some lessons

- Ellman

- What is shock therapy? What did it do in Poland and Russia?

P. Murrell

- Transformation traps

- Portes

- The role of political constraints in transition strategies

G. Roland

- Why did output fall in Eastern Europe?

J Williamson

Part II Macroeconomics and stabilisation

- Stabilization and the macroeconomics of transition - how

different is Eastern Europe?

- Bruno

- Stabilization in Poland

G. A. Calvo and F. Coricelli

- On the credibility of 'big bang' programs: a note on wage

claims and soft budget constraints in economies in transition

F. Coricelli and G. M. Milesi-Ferretti

- Stabilization and economic reform in Russia

- Fischer

- Fiscal policy during the transition in Eastern Europe

R.H. Gordon

- Transformational recession: the main causes

J. Kornai

- The applicability of standard reform packages to

Eastern Europe

J. Winiecki

VOLUME II



Part III Liberalisation and markets

- A theory of shortage in Socialist economies based on the

"soft budget constraint"

Y. Qian

- From plan to market: on the nature of the transformation

crisis

H. Schmieding

- Knowledge, transaction costs and the creation of markets in

post-Socialist economies

W Swaan

Part IV Property rights and the legal framework for transition economies

- Legal foundations of a market economy

European Economy

- Market-oriented reform legislation in the independent states

European Economy

- Competition policy in Russia during and after privatization

P. L. Joskow, R. Schmalensee and N Tsukanova

Part V Privatisation

- The behaviour of state firms in Eastern Europe,

pre-privatisation

P. Aghion, 0. 1 Blanchard and R. Burgess

- The economics of enterprise restructuring in Central and

Eastern Europe

P. Aghion, 0. J. Blanchard and W Carlin

- Political dimensions of privatization in Eastern Europe

J. Batt

- Privatization policies in Central and Eastern Europe

P. Bolton and G. Roland

- Economic transition and privatization: the issues

S. Estrin

- Insiders and the state: overview of responses to agency

problems in East European privatizations

R. Frydman and A. Rapaczynski

- Triggering evolution: the case for a breakthrough in

privatization

I. Grosfeld

- Restructuring and privatizing electric utilities in Eastern

Europe

D. M. Newbery

- Transforming state enterprises in Poland: evidence on

adjustment by manufacturing firms

B. Pinto, M. Belka and S. Krajewski

- Privatization in Eastern Europe: irreversibility and critical

mass effects

G. Roland and T. Verdier

VOLUME III

Part VI Banking and finance

- Balance sheet restructuring and privatisation of the banks

H. J Blommestein and J R. Lange

- Financial reform in Eastern Europe: progress with the

wrong model

J Corbett and C. Mayer

- Bank reform and behavior in Central Europe

P. Dittus

- Banking reform in Central and Eastern Europe

European Bank for Reconstruction and Development

- Needed mechanisms of corporate governance and finance

in Eastern Europe

R. Frydman, E. S. Phelps, A. Rapaczynski and A. Shleifer

- Enterprise debt and financial restructuring in Central and

Eastern Europe

D. Begg and R. Portes

- An innovatory package for financial sector reforms in

Eastern European countries

- Steinherr

- Eastern Europe's experience with banking reform: is there a

role for banks in the transition?

- Thorne

- Enterprise reform in Eastern Europe

S. van Wijnbergen

- The role of international financial institutions in the

transition process

S. Zecchini







Part VII Trade

- Structural adjustment and international trade in Eastern

Europe: the case of Poland

- Berg and J Sachs

- A payments mechanism for the former Soviet Union: is the

EPU a relevant precedent?

B. Eichengreen

- Trade with Eastern Europe

C. B. Hamilton and L. A. Winters

- The international competitiveness of industries in Bulgaria, Czechoslovakia, Hungary, and Poland

G. Hughes and P. Hare

- Trade liberalization with Eastern nations. How sensitive?

D. Neven

- The impact of systemic transition on the European

Community

D. M. Nuti

- EC trade with Eastern Europe

J Rollo and A. Smith

VOLUME IV



Part VIII Agriculture

- Intersectoral changes in former Socialist economies:

distinguishing initial from longer-term responses

K. Anderson

- The CAP and Central and Eastern Europe

- Buckwell and S. Tangermann

- Domestic and trade policy for Central and East European agriculture

L. Karp and S. Stefanou

- Why collectivization of agriculture in Socialist countries

has failed: a transaction cost approach

G. Schmitt

Part IX Labour markets

- 'Transitional' unemployment

T. Boeri

- Unemployment, labour markets and structural change in

Eastern Europe

M. Burda

- Economic restructuring, unemployment, and growth in a

transition economy

B. Chadha, F. Coricelli and K. Krajnyak

- Economic policy and employment in the transition economies of Central and Eastern Europe: what have we learned?

R. Jackman

Über Autor(innen)

Paul G. Hare is Professor of Economics at Heriot-Watt University and Director of the Centre for Economic Reform and Transformation. He also edits Economics of Transition for the European Bank for Reconstruction and Development.

Junior R. Davis is Research Associate at Heriot-Watt University. He has written several papers on economic adjustment in Eastern Europe and the former Soviet Union.