Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307720 
Year of Publication: 
2024
Series/Report no.: 
wiiw Working Paper No. 256
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
This paper revisits the external economic relations in the former command economies of Central, East and Southeast Europe (CESEE) by exploring historical trade data. It provides a descriptive analysis of foreign trade statistics, drawing on the newly introduced wiiw COMECON Dataset, which contains economic time series of the Council for Mutual Economic Assistance (CMEA or COMECON) countries from 1945 to 1994. While trade with the West was limited, the majority of trade took place among the CMEA members states, with the Soviet Union (USSR) serving as the most important partner. The USSR supplied energy and raw materials to its partners in exchange for manufactured products and other goods. However, when examining historical data from CESEE's command economies, it is important to consider the limitations of data and distinctive features of this economic system.
Subjects: 
Command economies
Central, East and Southeast Europe
international trade
CMEA
COMECON
economic history
historical statistics
Document Type: 
Working Paper

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