Who is Still Haunted by the Specter of Communism? Explaining Relative Output Contractions Under Transition »
Series: IMF Working Papers
Author(s): Katrin Elborgh-Woytek , and Julian Berengaut
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2005
Keywords: Commonwealth of Independent States, CIS, transition economies, instrumental variable, transition countries, statistic, Comparative Studies of Countries, Socialist Systems and Transitional Economies: General, Macroeconomics: Consumption, Saving
The paper analyzes the initial output decline in transition economies by estimating a crosssection model stressing two major factors-conflicts and the legacies of the Soviet period. We link the Soviet legacies in p...