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Democracy and prosperity in two decades of transition

Apolte, Thomas - 2010

This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a …-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under … initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with …

Persistent link: https://www.econbiz.de/10009374795

Democracy and institutional quality : theory and evidence

Krieger, Tommy - 2019

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect … of democracy on institutional quality is increasing in people's human capital. Using a new panel data set, covering 140 …

Persistent link: https://www.econbiz.de/10012236426

Democracy and the quality of economic institutions : theory and evidence

Krieger, Tommy - 2022

We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect …

Persistent link: https://www.econbiz.de/10013342090

Economic Growth and Income Convergence in Transition : Evidence from Central Europe

Spruk, Rok - 2018

The paper examines the evolution of income per capita for a sample of high-income transition countries in the period 1991-2007. The analysis focuses on the dynamics of income per capita convergence throughout the period. We review patterns of income dispersion in Central Europe in a historical...

Persistent link: https://www.econbiz.de/10012938258

Constitutional Property Rights Protection and Economic Growth : Evidence From the Post-Communist Transition

Bjørnskov, Christian - 2012

This paper seeks to estimate the economic growth effect of constitutional provisions for property rights protection. It does so using the unique situation in formerly communist countries in Central and Eastern Europe and the Caucasus where all but two introduced new constitutions after the fall...

Persistent link: https://www.econbiz.de/10013111140

Institutional Transformation and the Origins of World Income Distribution

Spruk, Rok - 2017

This paper presents an attempt to quantify institutional changes and examine the respective effects of de jure and de facto political institutions on the path of long-run economic growth and development for a large panel of countries in the period 1810–2000. Using factor analysis, latent...

Persistent link: https://www.econbiz.de/10012960341

How not to get stuck in the middle lessons for the commonwealth of independent states from Central and Eastern Europe

Pruchnik, Kamil; Zowczak, Jakub - 2017

The aim of this paper is to analyze how different models of transformation in Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) increased or decreased the risk of being stuck in the middle-income trap (MIT). The key finding is that the CEE and CIS countries are,...

Persistent link: https://www.econbiz.de/10011760571

Political economy of growth regimes in Poland and Turkey

Akcay, Ümit; Jungmann, Benjamin - 2022

In this paper, we aim to contribute to the recently growing body of political economy literature on growth regimes. Theoretically, we apply the demand and growth regime approach developed within post-Keynesian macroeconomics. This is complemented by a critical comparative political economy...

Persistent link: https://www.econbiz.de/10013393467

Growth regimes, dominant social blocs and growth strategies : towards varieties of export-led growth regimes and strategies in Turkey and Poland

Akcay, Ümit; Jungmann, Benjamin - In: European journal of economics and economic policies : … 20 (2023) 3, pp. 539-560

This paper aims to contribute to the literature on growth regimes by combining an operationalization of growth regimes based on growth contributions and sectoral financial balances with an analysis of dominant social blocs (DSBs). We propose the concept of a growth strategy to bridge the...

Persistent link: https://www.econbiz.de/10014516141

Privatization and Growth : Quasi-Natural Experiment with European Economies in Transition

Kant, Chander - 2019

European ex-socialist countries' experience is exploited for two difference-in-differences analysis: effects of a) transition to a market economy, and b) accession to the European Union (EU) on oncome. Many countries adopting regime change simultaneously; and ten of them joining the EU mostly in...

Persistent link: https://www.econbiz.de/10012897602