Communist economic efficiency revisited
Article Abstract:
The debate over the efficiency of communist economies in relation to market economies continues even after the collapse of communism. A 1987 study compared the productivity of the entrepreneurial-market-economy countries of the US, UK, Japan, West Germany, France, Italy and Spain and the communist countries of the Soviet Union, Hungary, Poland and Yugoslavia. The results indicated that the output per worker in communist countries was 29.5% to 34.3% lower than the output in countries with entrepreneurial market economies.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
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A neoclassical growth model applied to transition in Central Europe
Article Abstract:
It was a common notion that, based on a general analysis of transition reforms, Central European transition countries possess the market economy framework. A study was conducted using a neoclassical growth model tested in a business cycle theory to evaluate the economic performance of Central European countries. Findings indicate consistency between macroeconomic fluctuations in transition countries and the properties of the unconditional second moments.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 1999
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- Abstracts: Privatization and management incentives in the transition period in Eastern Europe. The transition to free markets: where to begin privatization
- Abstracts: Contagion of self-fulfilling financial crises due to diversification of investment portfolios
- Abstracts: Trade liberalization, factor mobility and regional growth. Geographical transaction costs and regional quality ladders
- Abstracts: Incomplete exchange-rate pass-through and imperfect competition: The effect of local production
- Abstracts: Factor-intensity reversals under monopolistic competition. Technical differences and inter-industry trade in the Nordic countries