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Published in:
1994 | OriginalPaper | Chapter
The Initial Welfare Consequences of Price Liberalization and Stabilization in Poland
Author : Bryan W. Roberts
Published in: The Economics of Transformation
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Polish consumer welfare apparently decreased dramatically after a major stabilization and reform program was initiated in January 1990. The statisticallymeasured real wage fell by almost 20% in 1990. Estimates of the drop in real private consumption change range from 5% to 16%. Recent stabilization and reform initiatives in Russia have also resulted in a sharp fall in real income and consumption.