Economics of Institutional Change
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Economics of Institutional Change: Central and Eastern Europe Revisited(Studies in Economic Transition)

Economics of Institutional Change: Central and Eastern Europe Revisited(Studies in Economic Transition)


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About the Book

Twenty years ago, about thirty nations in Europe and Central Asia embarked on their economic transition path. For some, the outcome was a considerable success. However, several others are still struggling to shed the inheritance of their past and to correct more recent policy mistakes. Some are likely to bounce back from the 2008-2009 recession with energy, whilst others seem to be sliding back again into a period of poor performance and fiscal disarray. Why is performance so different? Was democracy a factor that facilitated reforms or, rather, slowed them down? Which reforms matter, and why are some so difficult to implement? Tomasz Mickiewicz discusses these questions maintaining a broad, comparative perspective. This revised and updated edition examines the process of institutional change, focusing on its characteristics, determinants and implications for economic performance and development. This book is indispensable reading for all interested in transition economics, economic growth, and European economics.

Table of Contents:
Introduction Central Planning -- Command, Control and Surveillance Decline and Fall of the Soviet System Institutions; Institutional Reform Political Economy of Reforms Hard Budget Constraint Liberalisations, Partial Liberalisations and Recessions Unemployment Labour Market Institutions Privatization: Speed, Efficiency, Distribution The Order of Financial Liberalization Public Finance: Size and Efficiency of the Government Anatomy of a Crisis Bibliography

About the Author :
TOMASZ MAREK MICKIEWICZ is a Professor of Comparative Economics at the School of Slavonic and East European Studies, University College London, UK. He serves on the editorial board of 'Post Communist Economies' and publishes on entrepreneurship, corporate governance and effects of privatisation in 'Lancet', 'Journal of Business Venturing', 'Emerging Markets Finance and Trade', "Europe Asia Studies', 'Economics of Transition' and others.


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Product Details
  • ISBN-13: 9780230291287
  • Publisher: Palgrave MacMillan
  • Binding: Digital (delivered electronically)
  • Series Title: Studies in Economic Transition
  • ISBN-10: 0230291287
  • Publisher Date: 11 Aug 2010
  • Edition: Revised edition
  • Sub Title: Central and Eastern Europe Revisited


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