Output decline and recovery in the transition economies: causes and social consequences

被引：6

作者：

Brenton, P ^{[1
]}

Gros, D ^{[1
]}

Vandille, G ^{[1
]}

机构：

[1] CES,B-3000 LOUVAIN,BELGIUM

来源：

ECONOMICS OF TRANSITION | 1997年 / 5卷 / 01期

关键词：

transition economics; output decline; reform; stabilization;

D O I：

10.1111/j.1468-0351.1997.tb00006.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper suggests that output in the transition economies of eastern Europe and the countries of the former Soviet Union is related to, firstly, macroeconomic stabilization, and secondly, the speed of transition. The statistical analysis suggests that those countries which have been most successful in reducing inflation have experienced a lower level of output decline and have been first to achieve recovery in real output. There is also strong evidence that the economies which have been boldest in adopting reforms have been most successful in limiting the fall in output and promoting growth. No support is found for the assertion that the faster the speed of transition the greater the adverse impact on basic social indicators, such as mortality rates.

引用

页码：113 / 129

页数：17