INTELLECTUAL ECONOMICS 2007, Number 1(1)
Vitalija Rudzkienė, Marija BurinskienėASSESSMENT OF TRANSFORMATION PROCESSESIN THE COMPLEX SOCIO-ECONOMIC SYSTEM OF TRANSITION PERIOD
Mykolas Romeris University Publishing Centre. Vilnius. Lithuania 2007 Nr.1(1), p. 74-81
Abstract
The article deals with the changes and trends caused by the transformation of the centralised planned economy to free market economy. Such transformation affects not only the economy but also the whole social environment as privatisation is the key transformation element. Thus, models dealing not only with the economic field but also with other aspects must be used when assessing transition processes: quality of life, technological and knowledge innovations, ecological problems. The article presents models of summarised indicators that take account of their correlation and changes in time. The analysis is based on empirical data: gross domestic product, energy consumption, criminality, housing construction, etc. The concluded models allow to have a complex look at the problems caused by the transition period, and to assess their impact on further development of knowledge economy.
JEL Classification O110, P200.Keywords: transition period, complex system, socio-economic processes, quality of life, knowledge economy.