Easterlin, Richard A. - Institute for the Study of Labor (IZA) - 2008
transition, 1989-99.
The broad economic facts of the transition have been spelled out numerous times,
especially for the … economic collapse, with measured GDP falling to levels of around 50 to 85 per
cent of the 1989 level, usually in a few years …,
confronted only with these GDP data, might well conclude that an economic disaster on
the scale of the Great Depression had …