Economics of Transition
Subtitle: Structural Adjustments and Growth Prospects in Eastern Europe (Vienna Institute for Comparative Economic Studies Series)
Publisher: Edward Elgar Publishing
Published: October 1996
Language: eng
Format: Hardcover
Number of pages: 246
ISBN-13: 9781858983981
Subjects: Macroeconomics; Political economy; Economics - Macroeconomics; Contemporary Economic Situations And Conditions; Economic Development; Business / Economics / Finance; Business/Economics; Eastern Europe; Europe, Eastern; 1989-; Economic policy; Structural adjustment (Economi; Structural adjustment (Economic policy)
Description: Bringing together different perspectives on structural adjustments and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations.

This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe.

Drawing on work from a wide range of traditions, the papers in this volume examine issues including how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy.