| Publication |
2009.
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| Summary/Abstract |
We use EBRD transition index to classify transition countries into gradualist and orthodox reformers. When comparing this classification with records of economic and political reforms before the breakdown of socialism, an apparent historical regularity emerges. Countries where transition was to an extent »endogenous« were more likely to choose a gradualist strategy, whereas countries where a strict socialist regime was upheld until its breakdown, were more likely to decide for an orthodox »big-bang« approach to transition. Some political economy explanations for this regularity are suggested.
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