The Veil of Communism
An Analysis of Lifespan, GDP per Capita, Human Capital, and Agricultural Productivity in Eastern Europe
978-3-659-37042-7
3659370428
80
2013-03-16
49.00 €
eng
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There is a clear economic difference between the more economically-developed Western Europe and their poorer counterparts in Eastern Europe and central Asia. But what caused this economic divergence? How big of a role did communism play? If communism is responsible, through what economic mechanisms did it manage to hinder growth? This paper will look at GDP/capita, growth in GDP/capita, human capital, labor to land ratio, ratio of unskilled to skilled workers, growth in lifespan, average expenditure per student and variations in these outcomes in order to determine a more specific impact of communism. This paper finds not only that communism had a huge negative impact on growth, but that even though communism was completely gone from Europe by 1991; it still impacts the growth of former communist countries. Moreover, there seem to be 2 blocks of countries within the communist bloc: non-Soviet Central and Eastern Europe and Soviet Eastern Europe and Central Asia and these two regions behave very differently.
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Economía
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