Applied Economics for Development: Empirical Approaches to Selected Social and Economic Issues in Transition Economies

Transition economies experience transformation of their economic system. Following the disintegration of the Soviet Union, a number of former socialist countries underwent transitions from central planning to a market economy. More generally, many rapidly growing economies undergo no less profound transformations of their economic systems.

Contrary to common misconception, the transition process cannot be simply reduced to eliminating state intervention and liberalizing the economy. Economie...