The jockey, horse and racetrack revisited: Why did CESEE’s command economies collapse? (Record no. 9109)
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|---|---|
| fixed length control field | 03073nam a22005057u 4500 |
| 001 - CONTROL NUMBER | |
| control field | pwiiw7080 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260518120019.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241129t2024 au ||||| |||| 00| ||eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OSt |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 084 ## - OTHER CLASSIFICATION NUMBER | |
| Classification number | N14 |
| -- | P20 |
| -- | P24 |
| -- | P27 |
| Number source | jelc |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Grieveson, Richard |
| 245 10 - TITLE STATEMENT | |
| Title | The jockey, horse and racetrack revisited: Why did CESEE’s command economies collapse? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Wien : |
| Name of publisher, distributor, etc. | Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), |
| Date of publication, distribution, etc. | 2024. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 57 S., |
| Other physical details | 8 Tables and 25 Figures, |
| Dimensions | 30cm. |
| 490 1# - SERIES STATEMENT | |
| Series statement | wiiw Research Reports |
| Volume/sequential designation | 477 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Why did the socialist system that dominated Eastern European countries for much of the 20th century collapse around 1990? Drawing on the newly released wiiw COMECON Dataset and reports that the wiiw was publishing at that time, we explore whether the collapse was due to unfixable systemic flaws of the socialist economies, an unfavourable global environment since the mid-1970s, or policy mistakes made by socialist leaders. Our analysis concludes that all three factors contributed to the collapse. Although the international context – with rising oil prices and interest rates – and the limited openness and competitiveness of socialist economies presented significant challenges, these economies might have survived without the sharp rise in borrowing during the 1970s, the Soviet Union’s squandering of the oil windfall between 1973 and 1985, the failure of Gorbachev’s reforms in the late 1980s, and exchange rate mismanagement in Hungary, Poland, Romania and Yugoslavia. A particularly grave policy mistake was the Soviet Union’s 1975 decision to replace the fixed five-year oil pricing system with one based on annual adjustments using a five-year moving average tied to world market prices, which exposed the COMECON countries to the full force of the 1970s energy crisis, thereby triggering – or at least catalysing – the system’s collapse. Finally, we also find that extreme weather events played a significant role by causing crop failures, which led to a loss of hard currency export revenues and subsequent current account issues.<br/><br/>wiiw COMECON Dataset:<br/><br/>https://comecon.wiiw.ac.at/<br/> |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | socialism |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | communism |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | COMECON |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Eastern Bloc |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | collapse |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | systemic deficiencies |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | international environment |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | policy mistakes |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | climate crisis |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | energy crisis |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Bulgaria |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | CESEE |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | CSSR - Czechoslovakia |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | East Germany |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Hungary |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Poland |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Romania |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | USSR - Soviet Union |
| 651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME | |
| Geographic name | Yugoslavia |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Macroeconomic Analysis and Policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | International Trade, Competitiveness and FDI |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Holzner, Mario |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Jovanović, Branimir |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Volume/sequential designation | 477 |
| Bibliographic record control number | WIIW0000048 |
| Title of a work | wiiw Research Reports |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://wiiw.ac.at/p-7080.html">https://wiiw.ac.at/p-7080.html</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Paper |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Inventory number | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WIIW | WIIW | Library | 11/29/2024 | pwiiw7080 | 5.600/477 | 1000010007080 | 11/29/2024 | 04/07/2025 | Paper |