Modeling the Transition from a Socialist to Capitalist Economic System

@inproceedings{Kitov2006ModelingTT,
  title={Modeling the Transition from a Socialist to Capitalist Economic System},
  author={Ivan O. Kitov},
  year={2006}
}
The transition of several East European countries from the socialist economic system to the capitalist one is studied. A microeconomic model for the personal income distribution and its evolution and a simple functional relationship between the rate of the per capita GDP growth and the attained level of the per capita GDP are used to describe the transition process. The developed transition model contains only three defining parameters and describes the process of real GDP per capita evolution… CONTINUE READING

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