
Contents
-
-
-
-
-
-
-
-
Transformational recession of the 1990s Transformational recession of the 1990s
-
Typology of recessions Typology of recessions
-
Distortions in industrial structure—the heritage of the CPE Distortions in industrial structure—the heritage of the CPE
-
Institutional capacity and performance Institutional capacity and performance
-
Quality of institutions and democratization Quality of institutions and democratization
-
-
-
-
-
4 Chinese and Russian Economies Since Reforms: Transformational Recession in Russia and Acceleration of Growth in China
Get access-
Published:April 2014
Cite
Abstract
Various explanations of the transformational recession are discussed and an alternative explanation is suggested: the collapse of output was caused primarily by several groups of factors, all of which were linked to institutional capacity. First, by greater distortions in the industrial structure and external trade patterns on the eve of the transition: it was possible to overcome these distortions under the gradual transition strategy, but under shock therapy a deep recession was inevitable. Gradualism, in turn, was possible only with a strong institutional capacity. Second, by the collapse of state and non-state institutions, which occurred in the late 1980s–early 1990s and which resulted in chaotic transformation through crisis management instead of organized and manageable transition. And third, by poor economic policies, which basically consisted of bad macroeconomic policy and import-substitution industrial policy. Strong institutional capacity was a necessary, although not a sufficient, condition for good policies.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
October 2022 | 5 |
November 2022 | 5 |
December 2022 | 2 |
March 2023 | 1 |
April 2023 | 3 |
June 2023 | 7 |
August 2023 | 1 |
September 2023 | 2 |
October 2023 | 1 |
November 2023 | 2 |
January 2024 | 2 |
February 2024 | 2 |
May 2024 | 6 |
June 2024 | 6 |
July 2024 | 4 |
August 2024 | 1 |
December 2024 | 2 |
January 2025 | 2 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.