How I learned to stop worrying and love the crisis

Verfasserangabe:  Jan Fidrmuc; Ariane Tichit
Jahr: 
Beschreibung:  We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead to better long-term economic performance. -- crisis ; transition ; growth ; inflation ; reform ; institutions
Person:  ;
Ort/Verlag:  München : CESifo
Umfang:  Online-Ressource (PDF-Datei: 16 S., 412 KB)
Schriftenreihe:  CESifo working paper / Fiscal Policy, Macroeconomics and Growth ; 3720CESifo working paper / Fiscal Policy, Macroeconomics and Growth ; 3720
Sprache:  Englisch
Thema:  Wirtschaftskrise; Economic crisis; Übergangswirtschaft; Transitional economy; Wirtschaftsreform; Economic reform; Institutioneller Wandel; Institutional change; Demokratisierung; Democratization; Wirkungsanalyse; Impact analysis; Wirtschaftswachstum; Economic Growth; Transformationsstaaten; Transition countries
Klassifikation:  jel-O11; jel-O47; jel-P27
Dokumentart (Subkategorien):  Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature
Publikationsform:  Buch / Working Paper
Anmerkungen:  Systemvoraussetzungen: Acrobat Reader
Nachweis aus Datenbank:  ECONIS - Online-Katalog der ZBW
Verfügbarkeit: 
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