Economics of Transition

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• Shock Therapy versus Gradualism Reconsidered
  Lessons from Transition Economies after 15 Years
  of Reforms. TIGER Working paper No. 82, 2005
• Shock Therapy versus Gradualism The End of the
  Debate (Explaining the Magnitude of the
  Transformational Recession). Comparative
  Economic Studies, Vol. 42, Spring, 2000, No. 1,
  pp. 1-57.
• Reform Strategies and Economic Performance of
  Russias Regions. World Development, Vol. 29,
  No 5, 2001, pp. 865-86.
• Democracy and Growth Reconsidered Why Economic
  Performance of New Democracies Is Not
  Encouraging, co-authored with V. Polterovich)

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  ??????? ?????????, ?.8, 1998?, ?. 56-70.
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  ????????. ??????? ?????????, ?.7, 1998?., ?.
  42-64. ??????????? ??????? ?? ???????
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  ???????, 21 ???????? 1998?.
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  ??????, ??????? 2004, No. 4 (? ??????????? ? ?.
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  - "???????????? ??????" ? 40, 11 ??????? 2004

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(??? ? 2004?. ? ? 1989?.)
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1989?. 100
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100
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1970-2004??.
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Distortions were measured as deviations in the
shares of industry, agriculture and services in
GDP, as compared to "normal" structure, defined
as an average industrial structure for market
economies with similar levels of per capita GDP

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  ????????????? ????????

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• Distortions in industrial structure
  (militarization, overindustrialization, etc.) and
  distortions at the micro level (the size and
  specialization of enterprises) are more difficult
  to overcome, if they are embodied in fixed
  assets, and if these fixed assets are sizeable
  compared to GDP.

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??????????? ????????????? ???????? (1989-96??.)
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??????????? ????????????? ???????? (1989-98??.)
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????????????, ????? (??? ???????? ?
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????????? ??? ? 1989-96??.????????????????
?????????? ??? ????????????? ? 1995?. - ???????
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????????? ??? ? 1995-2003??. ????????????????
?????????? ??? ????????????? ????? 1995?. -
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