Is there aJ-curve for the economic trans
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Josef C. Brada; Arthur E. King
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Article
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1992
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Springer US
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English
β 938 KB
It is often assumed that the process of transition from socialism to capitalism involves a dislocation and disorganization of the economy in the early stages of the transition. Thus, it is argued, economic performance will at first worsen and then gradually improve as the new system takes hold. This