Showing papers in "Post-communist Economies in 1998"
TL;DR: In this article, industrial barter in Russia Communist Economies and Economic Transformation: Vol 10, No 2, pp 179-188, pp 179 and 188, with references from the authors.
Abstract: (1998) Industrial barter in Russia Communist Economies and Economic Transformation: Vol 10, No 2, pp 179-188
88 citations
53 citations
TL;DR: In this article, Dominant shareholders, restructuring and performance of privatised companies in Russia: An analysis and some policy implications, and some public policy implications are discussed, with the focus on privatisation.
Abstract: (1998). Dominant shareholders, restructuring and performance of privatised companies in Russia: An analysis and some policy implications. Communist Economies and Economic Transformation: Vol. 10, No. 4, pp. 495-517.
32 citations
19 citations
TL;DR: In this paper, the authors discuss the possibility of fast economic growth in the Russian economy and propose an economic transformation strategy based on the Communist Economies and Economic Transformation (CEET).
Abstract: (1998). Will Russia achieve fast economic growth? Communist Economies and Economic Transformation: Vol. 10, No. 4, pp. 421-449.
16 citations
TL;DR: In this article, the authors examine the success of and obstacles to structural reform in the Ukrainian economy and argue that the country needs to accelerate industrial and enterprise restructuring if it wants to reap the benefits of stabilisation and attain sustained growth.
Abstract: This paper examines the success of and obstacles to structural reform in the Ukrainian economy. While macroeconomic and monetary stability have been achieved, signs of market-oriented structural change are weak. The paper’s thesis is that Ukraine needs to accelerate industrial and enterprise restructuring if it wants to reap the benefits of stabilisation and attain sustained growth. Instead of fostering market-oriented enterprise restructuring, the successive governments tried for a long time to save the un-saveable structures of value-subtracting factories and thus hampered the development of small and medium enterprises (SMEs). It seems as if Ukraine was at present embarking on a path from the non-monetary socialism to a monetary, planned economy. Socialism is definitely dead since 1992, in that the reign of the Communist Party was abandoned and a universal monetary unit of accounting introduced. But important elements of state planning in the sense of prescribing quantitative economic plans continue to dominate the process of industrial restructuring. The risk being that the economy may find itself in a low-level trap of GDP.
14 citations
13 citations
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12 citations
TL;DR: In this article, the authors argue that institutional change should be rapid from a transaction costs perspective, and propose a transaction-cost perspective for rapid institutional change in the Chinese Communist Party.
Abstract: (1998). Why institutional change should be rapid — A transaction costs perspective. Communist Economies and Economic Transformation: Vol. 10, No. 1, pp. 63-79.
10 citations
TL;DR: In this article, the integration of the Baltic States in the European union in the light of the theory of institutional competition is discussed, and the Latvian economy is integrated into the European Union.
Abstract: (1998). Integration of the Baltic States in the European union in the light of the theory of institutional competition. Communist Economies and Economic Transformation: Vol. 10, No. 1, pp. 95-109.
TL;DR: In this paper, the interrelationship between interenterprise arrears and macroeconomic aggregates in post-soviet economies is investigated, and the authors propose a model to understand the relationship between inter-enterprise and macro economic aggregates.
Abstract: (1998). The interrelationship between inter‐enterprise arrears and macroeconomic aggregates in post‐soviet economies. Communist Economies and Economic Transformation: Vol. 10, No. 1, pp. 35-46.
TL;DR: In this article, the macroeconomic conditions for a rise in real investment activity in the post-stabilisation period were analyzed, and the main obstacle to macroeconomic stabilisation and reform of public finances was identified.
Abstract: From the beginning of market reforms a low level of production investment has been one of the major problems for the Russian economy. The investment crisis occurred in spite of the relatively high level of domestic saving, exceeding 20% of GDP. During all the years of market transformation, the excess of domestic saving over investment lead to the capital flight from Russia. Without changing this negative tendency, neither sustained economic growth nor efficient integration of Russia into the global economy are possible. This article is concerned with analysis of the macroeconomic conditions favouring a rise in real investment activity in the poststabilisation period. The economic liberalisation in 1992 allowed Russia to solve various urgent problems: to liquidate monetary overhang and shortage of goods, create moneybased market mechanisms of exchange, improve public finances, start negotiations on the restructuring of the excessive sovereign debt accumulated by the Soviet Union and raise official foreign reserves, and open the economy for international trade. Among important institutional changes at that time were establishment of a two-level banking system, privatisation of a considerable part of state enterprises and creation of a capital market. However, while all these steps were necessary for the first stage of reforms, they were not sufficient to improve the investment opportunities and environment significantly. In particular, the political situation in Russia in 1992-96 was the main obstacle to macroeconomic stabilisation and reform of public finances.
TL;DR: The collapse of the CMEA and Hungary's agrofood external trade was discussed in this paper, where the authors discuss the impact of the collapse on Hungarian agro-food exports.
Abstract: (1998). The collapse of the CMEA and Hungary's agro‐food external trade. Communist Economies and Economic Transformation: Vol. 10, No. 1, pp. 119-128.