The Transition Economies in the Study: How Similar and Different They Are
The six countries included in our study are very diverse, even if they all belong to “transition” economies, that is, are moving from a state-dominated to a private market economy. Three are East European countries: Hungary, Bulgaria, and Poland. Three were part of the former Soviet Union but have, however, very different income levels, cultural heritage, and proportion of urban population. They are Estonia in the Baltics, the Kyrgyz republic in Central Asia, and Russia.
KeywordsGross Domestic Product Household Head Disposable Income Transition Economy Purchase Power Parity
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