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Journal of Economic Perspectives: Vol. 5 No. 4 (Fall 1991)

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The Introduction of Markets in a Hypercentralized Economy: The Case of Romania

Article Citation

Ben-Ner, Avner, and J. Michael Montias. 1991. "The Introduction of Markets in a Hypercentralized Economy: The Case of Romania." Journal of Economic Perspectives, 5(4): 163-170.

DOI: 10.1257/jep.5.4.163

Abstract

This paper discusses communist Romania, the economy in the Ceausescu era, 1965-1989, the economy after the Revolution of December 22, 1989, and current problems and prospects for the Romanian economy.

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Authors

Ben-Ner, Avner (U MN)
Montias, J. Michael (Yale U)

JEL Classifications

P23: Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population
O52: Economywide Country Studies: Europe

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