Creating Capitalism: Transitions and Growth in Post-Soviet Europe

Creating Capitalism: Transitions and Growth in Post-Soviet Europe

by Patricia A. Dillon, Frank C. Wykoff
     
 

ISBN-10: 1840647337

ISBN-13: 9781840647334

Pub. Date: 12/01/2002

Publisher: Elgar, Edward Publishing, Inc.

"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…  See more details below

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.

Product Details

ISBN-13:
9781840647334
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
12/01/2002
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. ITheoretical Foundations
1The withering away of communism5
2The political economy of reform24
3Why private markets work37
4Growth models for assessing reforms57
5How each reform promotes growth76
6Challenges facing reformers91
Pt. IICountry Chapters
7Bulgaria: impatient but indecisive115
8Are the Czechs capitalist superstars?133
9Estonia is headed West155
10A taste of Hungarian goulash177
11Can Russia make it?196
12Will the Slovaks stay the course?220
13The long and winding road238
Pt. IIIAppendices
App. AReforms in growth models251
App. BPolitical influence, economic performance and reform efforts: an econometric analysis of six newly independent countries, 1989-1999273
Bibliography305
Index323

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