Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/78380 
Authors: 
Year of Publication: 
2000
Series/Report no.: 
Bonn Econ Discussion Papers No. 4/2000
Publisher: 
University of Bonn, Bonn Graduate School of Economics (BGSE), Bonn
Abstract: 
The paper shows that a transition from a planned to a market economy implies an important change of the structure of production, i. e. a reallocation of resources which takes time and induces sufferings for some people. These sufferings may be reduced by subsidization of some sectors, with some negative effects on GDP and growth if subsidization exceeds a certain size. The time tillthe economy in transition reaches an ``old" market economy (asymptotically or totally) is estimated by different methods. Finally other problems, mostly non--economic ones, which are connected with the transition process are discussed.
Subjects: 
transition
planned economy
market economy
economic ones, which are connected with the transition process are discussed.
JEL: 
E1
E2
P2
Document Type: 
Working Paper

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