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The Economics of Post-Communist Transition
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The Economics of Post-Communist Transition Paperback - 1999

by Olivier Blanchard; Preface by Olivier Blanchard

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Transition in Central and Eastern Europe, as Blanchard points out, has adhered to a U-shaped response in terms of economic output--that is, a sharp decline in output followed by a recovery. Today, most of the countries of Central Europe seem to have enjoyed a steady upswing, while most Eastern European nations still appear to be near the bottom of the U. This book traces the courses, causes, and implications of this pattern, arguing that two basic mechanisms dominate such transition. The first is the reallocation between the state and private sectors, with a contraction of activities in the former and an expansion in the latter. The second is the restructuring of the old state sector, with the opportunity for large improvements in productivity.

Against this background, the book's focus shifts to three particular factors: the adjustment of employment and wages in state firms to the initial shock of reduced demand for their goods; the dynamics of restructuring and privatization; and the relationship between reallocation, restructuring, and traffic in the labor market. The final section summarizes the discussion, and in doing so builds a general equilibrium model as a preliminary to the analysis of three sets of issues: the role of unemployment benefits and privatization ules; the interaction between transition and fiscal policy; and the evolution of the support for reform. The model is then used to address the thorny issue of the ideal speed for economic reform.

The latest offering from a distinguished expert on the economics of transition, this is one of the first book-length analyses of the process of moving from a centrally-planned to a market economy.

Details

  • Title The Economics of Post-Communist Transition
  • Author Olivier Blanchard; Preface by Olivier Blanchard
  • Binding Paperback
  • Edition New Edition
  • Pages 164
  • Volumes 1
  • Language ENG
  • Publisher OUP Oxford, Oxford
  • Publication date 1999-07-29
  • Illustrated Yes
  • Features Illustrated, Index, Table of Contents
  • ISBN 9780198293996 / 0198293992
  • Weight 0.5 lbs (0.23 kg)
  • Dimensions 8.51 x 5.44 x 0.36 in (21.62 x 13.82 x 0.91 cm)
  • Reading level 1350
  • Themes
    • Chronological Period: 1950-1999
    • Cultural Region: Central Europe
    • Cultural Region: Eastern Europe
  • Category Business / Economics / Finance
  • Library of Congress Catalogue Number 97214707
  • Dewey Decimal Code 338.947

About the author

Olivier Blanchard is Professor at the Massachusetts Institute of Technology. His other works include Transition in Eastern Europe (editor, 1994), and Lectures on Macroeconomics (co-author, 1989).

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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, O

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ISBN 10 / ISBN 13
9780198293996 / 0198293992
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Clarendon Press, 1998. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Book contains highlighter markings. In poor condition, suitable as a reading copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780198293996
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, O

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Paperback
ISBN 10 / ISBN 13
9780198293996 / 0198293992
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Clarendon Press, 1998. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Book contains pencil markings. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,350grams, ISBN:9780198293996
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The Economics of Post-Communist Transition
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The Economics of Post-Communist Transition

by Blanchard, Olivier

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Oxford University Press, New York, NY, 1999. Softcover. Very Good Condition. Used book, very good condition, all pages clean. Quantity Available: 1. ISBN: 0198293992. ISBN/EAN: 9780198293996. Pictures of this item not already displayed here available upon request. Inventory No: ABE367120810. . 9780198293996
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, Olivier

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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, Olivier

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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, Olivier

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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)
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The Economics of Post-Communist Transition (Clarendon Lectures in Economics)

by Blanchard, Olivier

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The Economics of Post-Communist Transition

The Economics of Post-Communist Transition

by Olivier Blanchard

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9780198293996 / 0198293992
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Paperback / softback. New. This book presents 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. Now available in paperback.
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The Economics Of Post-Communist Transition
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The Economics Of Post-Communist Transition

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The Economics Of Post-Communist Transition
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The Economics Of Post-Communist Transition

by Blanchard, Olivier,

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ISBN 10 / ISBN 13
9780198293996 / 0198293992
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