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Item Details
| Title:
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THE ECONOMICS OF POST-COMMUNIST TRANSITION
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| By: |
Olivier Blanchard |
| Format: |
Paperback |
| List price:
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£35.99 |
| Our price: |
£31.49 |
| Discount: |
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| You save:
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£4.50 |
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| ISBN 10: |
0198293992 |
| ISBN 13: |
9780198293996 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
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| Stock: |
Currently 0 available |
| Publisher: |
OXFORD UNIVERSITY PRESS |
| Pub. date: |
30 July, 1998 |
| Series: |
Clarendon Lectures in Economics |
| Pages: |
164 |
| Description: |
This book, by a distinguished economist who has worked on transition since its beginning, is one of the first to present a unified analysis of transition. Transition in Central and Eastern Europe has led to a U-shaped response of output, that is, a sharp decline in output followed by recovery. This U-shaped response, its causes and its implications, are the subject of this text. Blanchard analyses the basic mechanisms at work, and draws policy implications. TheEconomics of Post-Communist Transition is now available in paperback for the first time. |
| Synopsis: |
Transition in Central and Eastern Europe has led to a U-shaped response of output: a sharp decline in output followed by recovery. Most of the countries of Central Europe seem now firmly on the upside; most of the countries of Eastern Europe are still close to the bottom of the U: an optimistic view is that they are now negotiating the turn. Olivier Blanchard, a distinguished economist who has worked on transition since its beginning, is one of the first to present a unified analysis of the process of transition. The U-shaped response of output, its causes and its implications, are the subject of this book. The text is split into four chapters. The first reviews the facts; the second focuses on the two basic mechanisms underlying transition: reallocation and restructuring; the third looks more closely at a number of issues, from the interactions between restructuring and privatization to the nature of the labour market in transition; the fourth chapter pulls the material together in an analytical model of transition. This model is then used to discuss policy issues, from the design of privatization to the role of fiscal policy in transition. |
| Publication: |
UK |
| Imprint: |
Oxford University Press |
| Returns: |
Returnable |
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