Why many transition economies succeeded by pursuing policies that are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of central European countries? First, optimal policies are context dependent, they are specific for each...

Im Mittelpunkt der vorliegenden Untersuchung steht die Bedeutung der strukturellen und institutionellen Ausgangsbedingungen von Transformationsprozessen für Verlauf und Erfolg dieser Prozesse. Die Verfasser erarbeiten eine Typologie der sich herausbildenden postsowjetischen...

The conventional explanation for the dynamics of output during transition is associated with "good" and "bad" economic policies, in particular with the progress achieved in the liberalization, as measured by the liberalization index, and with the success or failure in macroeconomic...