Mind the break! Accounting for changing patterns of growth during transition
We argue that econometric analyses of post-communist countries are vulnerable to structural breaks across time and/or countries. We demonstrate this by identifying structural breaks in growth regressions estimated for 25 countries over 18 years. The method we use allows identification of structural breaks at a priori unknown points in space or time. The only prior assumption is that breaks occur in relation to progress in implementing market-oriented reforms. We find that the pattern of growth in transition has changed at least three times, yielding four different models of growth. The speed with which individual countries progress through these stages differs considerably.
Year of publication: |
2009
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Authors: | Fidrmuc, Jan ; Tichit, Ariane |
Published in: |
Economic Systems. - Institut für Ost- und Südosteuropaforschung (IOS), ISSN 0939-3625. - Vol. 33.2009, 2, p. 138-154
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Publisher: |
Institut für Ost- und Südosteuropaforschung (IOS) |
Subject: | Growth Reform Structural breaks Transition |
Saved in:
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