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| 1 |
ID:
110020
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| Publication |
2012.
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| Summary/Abstract |
This article offers a comprehensive analysis of the different effects of the economic crisis from 2008, across all transition economies with a testable framework, that relates vulnerability to specific forms of development since 1989. The key to the framework is the identification of forms of integration into the international economy, with distinctions between different export structures and dependence on other sources of foreign-currency earnings. These created channels for transmission of the crisis which differed between countries. The analysis draws on a three-level research design, combining a variable-oriented regression analysis with case-oriented comparisons among similar cases, and within-case analysis of individual countries.
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| 2 |
ID:
120666
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| Publication |
2013.
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| Summary/Abstract |
The financial and economic crisis in the Central and East European countries raised the profile of economic policy themes that relate to the role of taxation and state spending. The key policy differences related to public budgets and support for a demand stimulus. Responses fall broadly into two categories that we link to a social-democratic and a neo-liberal response. The distinction indicates that the policy responses were linked to the party affiliation of the government on the left-right spectrum. There were some remarkable common trends that cannot be explained by the logical requirements of the economic situation alone. There are differences in timing and in severity, but every country has at some point moved towards a policy of balancing the budget by making cuts. In all cases there were cuts in benefits for marginal groups in society and a switch towards indirect rather than direct taxes. These carry clear distributional implications.
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| 3 |
ID:
120665
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| Publication |
2013.
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| Summary/Abstract |
THE ECONOMIC CRISIS OF 2008, STARTING FROM THE CRISIS in banking in the USA, affected economic and political development in varied ways around the world. This collection covers the impact and policy responses in the former state socialist countries of Central and Eastern Europe and the Commonwealth of Independent States (CIS). Taken as a whole, the economies of the former state socialist countries-frequently still referred to for convenience as transition economies-were hit hard by the crisis, suffering falls in GDP in 2009 that were deeper than the average around the world. However, there was considerable variety in the effects on individual countries, with a few continuing to grow while some others suffered quite exceptional falls in output. Policy responses were also quite diverse and do not obviously fit with the nature and severity of economic factors. The more general impacts on political life were also varied. In many cases very much the same governments continued in power, while in others there were significant changes and signs of a growing instability in party and political structures.
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