Liberalization and the Behavior of Output During the Transmission from Plan to Market
Posted: 18 Aug 1998
This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on.
JEL Classification: E23, P21, P27, P52
Suggested Citation: Suggested Citation