Abstract
The economies of Central and Eastern Europe (CEE) have been recognized as posing unique challenges to study. The scope and nature of their political and economic development processes vary widely across the region are characterized by substantial volatilities and are inherently complex. In this context, a renewed interest in the mechanisms of economic transition has arisen in order to explain the effects of Eastern European integration into the European Union as well as the consequent integration into global economic structures. This approach, which we shall refer to as “Transition Dynamics”, (TD), differs significantly from the more traditional macroeconomic and polotical science focus on purely internal processes of change. In this regard, the CEE transition to market can be described as a process characterized by out-of-equilibrium dynamics and a heterogeneous competitive landscape with high levels of complexity.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Aoki, Masahiko (2001a) Subjective-Game Models and the Mechanism of Institutional Change in Toward a Comparative Institutional Analysis, MIT Press, 2001.
Aoki, Masahiko (2001b). What Are Institutions? How Should We Approach Them? The Institutional Foundations of a Market Economy, WDR 2201/2, Stanford Institute for Economic Policy Research, 2001
Arthur, W. Brian (1994) Increasing Returns and Path Dependence in the Economy, University of Michigan Press.
Bandelj, N. (2004) Institutional Foundations of Economic Transformations in Central and Eastern Europe, Center for the Study of Democracy, University of California, Irvine, Paper No. 04-14.
Dyker, D. (2001). The Dynamic Impact on the Central-Eastern European Economies of Accession to the European Union: Social Capability and Technology Absorption. Europe-Asia Studies, 53–7, 1001–1021.
Estrin, S., and Meyer, K.E., Investment Strategies In Emerging Markets, Edward Elgar Publishing (2004)
Gros D., and Suhrcke, M. (2000) “Ten Years After: What is Special about Transition Countries?” Hamburg Institute of International Economics Working Paper, ISSN 1432–4458
Mygind, N. (1994) Societies in Transition, Center for East European Studies.
Pavlinek, P. (2002), “Theoretical and Conceptual Approaches to Post-Communist Transformations in Central and Eastern Europe”, Invited Research Presentation at the Institute of Social Sciences, Chuo University, Tokyo, January 16th.
Stark, David (1992) “Path Dependence and Privatization Strategies in Eastern and Central Europe”, European Politics and Societies 6:1 (1992) pp. 17–54.
Stark, David (1998) “Post socialist Pathways: Transforming Politics and Property in East Central Europe”, Cambridge University Press.
Tihanyi, L. and Roath, A.S., (2002) “Technology Transfer and Institutional Development in Central and Eastern Europe”, Journal of World Business 37, 188–198.
UNCTAD (2000), Trade and Development Report, Geneva: UNCTAD.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2010 Springer
About this paper
Cite this paper
Wright, R., Fellman, P.V., Post, J.V. (2010). Path Dependence, Transformation and Convergence-A Mathematical Model of Transition to Market. In: Minai, A., Braha, D., Bar-Yam, Y. (eds) Unifying Themes in Complex Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-85081-6_49
Download citation
DOI: https://doi.org/10.1007/978-3-540-85081-6_49
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-85080-9
Online ISBN: 978-3-540-85081-6
eBook Packages: Physics and AstronomyPhysics and Astronomy (R0)