Acta Oeconomica
Volume/Issue:
Volume 64: Issue Issue Supplement-1
Post-Socialist transition in a 25-year perspective
Author:
Péter Mihályi University of Pannonia Veszprém Hungary

Search for other papers by Péter Mihályi in
Current site
Google Scholar
PubMed Close
Pages:
1–24
Online Publication Date:
21 Nov 2014
Publication Date:
01 Dec 2014
Article Category:
Research Article
DOI:
https://doi.org/10.1556/aoecon.64.2014.s1.1
Keywords:
economic transition; Eastern Europe; catching-up; economic growth; shock therapy; gradualism; foreign advisors; privatisation; P3; P14; P48; P52
Restricted access

A recent international conference, entitled Transition in Perspective offered an opportunity for the author to take stock of the achievements of the post-socialist economies since the regime change in 1989/90. The analysis was carried out in two dimensions, in the political and the economic one. Regarding the first one, the record is largely positive: many countries have regained their independence, although in some cases the price was high and the fundamentals of democracy are still missing. In civil wars and inter-ethnic fights far too many people were killed and/or displaced. Since about 2000, many countries fell in the hand of autocratic leaders. In terms of catching-up with the income levels of the advanced economies, less than half of the countries were truly successful. The people have good reasons to be disappointed.

  • Ayagan, B. (2014): Defining the New State Borders in 1990–2005 as Key Foundation of Statehood. The Astana Times, May 14.

    Ayagan B. , '', in The Astana Times , (2014 ) -.

  • Azam, M. - Ferré, C. - Ajwad, M.I. (2013): Can Public Works Programs Mitigate the Impact of Crises in Europe? The Case of Latvia. IZA Journal of European Labour Studies, 2. http://www.izajoels.com/content/2/1/10

    Ajwad M.I. , '', in IZA Journal of European Labour Studies , (2013 ) -.

  • Carrol, L. (1865): Alice’s Adventures in Wonderland. London: Macmillan.

    Carrol L. , '', in Alice’s Adventures in Wonderland , (1865 ) -.

  • Carrol, L. (1871): Through the Looking-Glass, and What Alice Found There. London: Macmillan.

    Carrol L. , '', in Through the Looking-Glass, and What Alice Found There , (1871 ) -.

  • Dahrendorf, R. (1990): Reflections on the Revolution in Europe. London: Transaction Publishers.

    Dahrendorf R. , '', in Reflections on the Revolution in Europe , (1990 ) -.

  • Fukuyama, F. (1989): The End of History? The National Interest, Summer.

    Fukuyama F. , '', in The National Interest , (1989 ) -.

  • IMF (2012a): Macroeconomic Policy Frameworks for Resource-Rich Developing Countries. 24 August. http://www.imf.org/external/np/pp/eng/2012/082412.pdf

    '', in Macroeconomic Policy Frameworks for Resource-Rich Developing Countries , (2012 ) -.

  • IMF (2012b): Annual Report on Exchange Arrangements and Exchange Restrictions, 2012. http://www.imf.org/external/pubs/nft/2012/eaer/ar2012.pdf

    '', in Annual Report on Exchange Arrangements and Exchange Restrictions, 2012 , (2012 ) -.

  • Klaus, V. (1997): Review of János Kornai’s The Socialist System: The Political Economy of Communism. In: Renaissance: The Rebirth of Liberty in the Heart of Europe. Cato Institute, 163–183.

    Klaus V. , '', in Renaissance: The Rebirth of Liberty in the Heart of Europe , (1997 ) -.

  • Kornai, J. (1959): Overcentralization in Economic Administration. A Critical Analysis Based on Experience in Hungarian Light Industry. London: Oxford University Press. (The Hungarian original appeared first in 1956, as a PhD dissertation.)

    Kornai J. , '', in Overcentralization in Economic Administration. A Critical Analysis Based on Experience in Hungarian Light Industry , (1959 ) -.

  • Kornai, J. (1976): The Third Way: Marxist-Leninist Theory and Modern Industrial Society. London: Wildwood House — White Plains, NY: International Arts and Sciences Press.

    Kornai J. , '', in The Third Way: Marxist-Leninist Theory and Modern Industrial Society , (1976 ) -.

  • Kornai, J. (1992): The Socialist System. The Political Economy of Communism. Oxford: Clarendon Press.

    Kornai J. , '', in The Socialist System. The Political Economy of Communism , (1992 ) -.

  • Kornai, J. (1995): Eliminating the Shortage Economy: A General Analysis and Examination of Developments in Hungary. Economics of Transition, 3(1): 13–37, (2): 149–168.

    Kornai J. , 'Eliminating the Shortage Economy: A General Analysis and Examination of Developments in Hungary ' (1995 ) 3 Economics of Transition : 13 -37 .

    • Search Google Scholar

  • Kornai, J. (2001): Hardening the Soft Budget Constraint: The Experience of the Post-Socialist Countries. European Economic Review, 45(9): 1573–1600.

    Kornai J. , 'Hardening the Soft Budget Constraint: The Experience of the Post-Socialist Countries ' (2001 ) 45 European Economic Review : 1573 -1600 .

    • Search Google Scholar

  • Maddison, A. (2009): Historical Statistics of the World Economy: 1–2008 AD. http://www.ggdc.net/maddison/maddison-project/home.htm

    Maddison A. , '', in Historical Statistics of the World Economy: 1–2008 AD , (2009 ) -.

  • Mihalyi, P. (2008): What Happened to Healthcare Reform? The Analyst, 4(1): 103–130.

    Mihalyi P. , 'What Happened to Healthcare Reform? ' (2008 ) 4 The Analyst : 103 -130 .

  • Mihalyi, P. (2012): The Causes of Slow Growth in Hungary during the Post-Communist Transformation Period. Discussion Paper MT-DP — 2012/16, Research Centre for Economic and Regional Studies of the Hungarian Academy of Sciences. http://econ.core.hu/file/download/mtdp/MTDP1216.pdf

    Mihalyi P. , '', in Discussion Paper MT-DP — 2012/16 , (2012 ) -.

  • Pryor, F. (1987): Marxist Regimes Series. Journal of Comparative Economics, 11(1): 124–132.

    Pryor F. , 'Marxist Regimes Series ' (1987 ) 11 Journal of Comparative Economics : 124 -132 .

    • Search Google Scholar

  • Sachs, J. (1990): What is to be Done? The Economist, 13 January.

    Sachs J. , '', in The Economist , (1990 ) -.

  • Ŝik, O. (1972): Czechoslovakia: The Bureaucratic Economy. White Plains, NY: International Arts and Sciences Press.

    Ŝik O. , '', in Czechoslovakia: The Bureaucratic Economy , (1972 ) -.

  • Treisman, D. (2010): ‘Loans for shares’ Revisited. Post-Soviet Affairs, 26(3): 207–227

    Treisman D. , '‘Loans for shares’ Revisited ' (2010 ) 26 Post-Soviet Affairs : 207 -227 .

    • Search Google Scholar
  • Collapse
  • Expand
Cover Acta Oeconomica
Acta Oeconomica Periodical of the Hungarian Academy of Sciences
Print ISSN:
0001-6373
Online ISSN:
1588-2659

Senior editors

Editors-in-Chief: István P. Székely, Dóra Győrffy

Editor(s): Judit Kálmán

Associate Editors

  • Péter Benczúr, Joint Joint Research Center, European Commission
  • Dóra Benedek, International Monetary Fund
  • Balázs Égert, OECD
  • Dániel Prinz, World Bank
  • Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

  • Anders Åslund, Georgetown University and Advisory Council of CASE, USA
  • István Benczes, Corvinus University of Budapest, Hungary 
  • Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
  • Fabrizio Coricelli, University of Siena, Italy
  • László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
  • Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
  • Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
  • Martin Kahanec, Central European University, Austria
  • Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
  • Péter Mihályi, Corvinus University of Budapest, Hungary
  • Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

Indexing and Abstracting Services:

  • CABELLS Journalytics
  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • Index Copernicus
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index

 

2023  
Web of Science  
Journal Impact Factor 0.7
Rank by Impact Factor Q3 (Economics)
Journal Citation Indicator 0.23
Scopus  
CiteScore 1.4
CiteScore rank Q3 (Economics and Econometrics)
SNIP 0.385
Scimago  
SJR index 0.218
SJR Q rank Q4

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2025 Online subsscription: 700 EUR / 768 USD
Print + online subscription: 820 EUR / 900 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation		 1966
Volumes
per Year		 1
Issues
per Year		 4
Founder Magyar Tudományos Akadémia
Founder's
Address		 H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address		 H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher		 Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Oct 2024 96 0 0
Nov 2024 37 0 0
Dec 2024 26 0 0
Jan 2025 36 0 0
Feb 2025 48 0 0
Mar 2025 39 0 1
Apr 2025 0 0 0