Campos, Nauro F; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 2002
This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central … and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so … far, namely: (1) output fell, (2) capital shrank, (3) labour moved, (4) trade reoriented, (5) the structure changed, (6 …