Institutions Matter in Transition, But so do Policies

This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in transition economies during 1991–98. The paper’s main finding is that the development of an institutional framework has indeed a significant positive impact on growth, but that progress in achieving macroeconomic stabilization and implementing broad-based economic reforms remain the key determinants of growth in transition economies.

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Year of publication:	2000-03-01
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic growth \| Transition economies \| Stabilization programs \| transition countries \| equation \| economic liberalization \| survey \| equations \| correlation \| correlations \| explanatory power \| liberalization policies \| statistical significance \| regression analysis \| goodness of fit \| statistical analysis \| causation \| predictability \| independent variables \| price liberalization \| principal components analysis \| per capita income \| outlier \| polynomial \| surveys \| black market premia \| correlation analysis \| inflation stabilization \| political economy \| standard deviation \| rent-seeking incentives

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 00/70 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005263992