Creating Capitalism: Transitions and Growth in Post-Soviet Europe

Hardcover (Print)

Overview

"Employing historical analysis and building on growth theory and modern political economy, Dillon and Wykoff explain Soviet disintegration and analyze efforts to create capitalism in newly independent states. They show how five fundamental economic reforms generate growth, and use an original model to test the connections between reform, elections and economic performance." The authors examine the progress of six countries (Bulgaria, Czech Republic, Estonia, Hungary, Russia and Slovakia) in terms of each country's history and its successful application of the five reforms. Anyone interested in how capitalism works and why pro-market reforms encounter resistance in spite of their potential for generating higher living standards will find this book essential reading.
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Product Details

  • ISBN-13: 9781840647334
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 12/1/2002
  • Pages: 352
  • Product dimensions: 6.80 (w) x 9.60 (h) x 0.90 (d)

Table of Contents

List of figures
List of tables
Preface
Pt. I Theoretical Foundations
1 The withering away of communism 5
2 The political economy of reform 24
3 Why private markets work 37
4 Growth models for assessing reforms 57
5 How each reform promotes growth 76
6 Challenges facing reformers 91
Pt. II Country Chapters
7 Bulgaria: impatient but indecisive 115
8 Are the Czechs capitalist superstars? 133
9 Estonia is headed West 155
10 A taste of Hungarian goulash 177
11 Can Russia make it? 196
12 Will the Slovaks stay the course? 220
13 The long and winding road 238
Pt. III Appendices
App. A Reforms in growth models 251
App. B Political influence, economic performance and reform efforts: an econometric analysis of six newly independent countries, 1989-1999 273
Bibliography 305
Index 323
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