
Contents
-
-
-
-
-
-
-
-
-
The Magnitude of the Decline in the 1990s The Magnitude of the Decline in the 1990s
-
Typology of Recessions Typology of Recessions
-
Analysis: Why Russia Did Worse than Many Other Postcommunist Economies during the First Years of Transition Analysis: Why Russia Did Worse than Many Other Postcommunist Economies during the First Years of Transition
-
The Mystery of the Genesis of Institutions The Mystery of the Genesis of Institutions
-
Conclusions Conclusions
-
Notes Notes
-
References References
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5 Transformational Recession
Get accessVladimir Popov is a principal researcher in the Central Economics and Mathematics Institute of the Russian Academy of Sciences. He is also professor emeritus at the New Economic School in Moscow, and an adjunct research professor at the Institute of European and Russian Studies at Carleton University in Ottawa. He has published extensively on world economy and development issues; he is editor of four books, and author of hundreds of articles and ten books including Mixed Fortunes: An Economic History of China, Russia, and the West (Oxford University Press, 2014; also published in Chinese).
-
Published:01 October 2013
Cite
Abstract
The transformational recession in Russia was one of the deepest and longest in the postcommunist countries. Various explanations of the transformational recession are discussed, and an alternative explanation is suggested. The first reason for the output collapse is the adverse supply shock after deregulation of prices associated with greater distortions in the industrial structure and external trade patterns on the eve of the transition. The second factor is the adverse supply shock caused by the collapse of state and nonstate institutions in the late 1980s and early 1990s, resulting in chaotic transformation through crisis management. The third factor is poor economic policies, which included bad macroeconomic policy and import substitution industrial policy. Finally, the speed of reforms (economic liberalization) initially affected performance negatively because enterprises were forced to restructure faster than they possibly could (due to limited investment potential) but improved performance when the economy recovered.
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 | 1 |
November 2022 | 4 |
December 2022 | 4 |
January 2023 | 7 |
March 2023 | 2 |
July 2023 | 1 |
August 2023 | 4 |
October 2023 | 1 |
December 2023 | 4 |
May 2024 | 3 |
June 2024 | 1 |
July 2024 | 5 |
February 2025 | 2 |
March 2025 | 3 |
April 2025 | 4 |
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.