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Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
Persistent link: https://www.econbiz.de/10011300556
In the first decade of postcommunist transition, multiple growth regressions showed that the more radical and comprehensive market economic reform was, the earlier a country returned to economic growth and the more vigorous its growth, and that Central Europe took the lead. Since 2000, however,...
Persistent link: https://www.econbiz.de/10012733351
Rzonca and Cizkowicz (2003) notice that by construction the reform indicators are bound from the above, and the resulting time series characteristics of these variables render estimates of coefficients in growth regressions spurious. We illustrate this issue further, applying econometric tests....
Persistent link: https://www.econbiz.de/10014064145
Economic self-interest and social considerations are the key determinants of public support for market reforms in transition countries. However, political strategies that rely mainly on public support for pushing through economic reforms have limited relevance if the prevailing institutional...
Persistent link: https://www.econbiz.de/10011471099
How did post-communist transformations affect people's perceptions of their economic and political systems? We model a pseudo-panel with 89 country-year clusters, based on 13 countries observed between 1991 and 2004, to identify the macro and institutional drivers of the public opinion. Our main...
Persistent link: https://www.econbiz.de/10011737127
Using a unique dataset for 14 transition economies, we propose a new measure for individual evaluations of transitional reforms, which we use to study, for the first time, the evolution of support for economic and political reforms from 1991 to 2004. We show that support for economic changes has...
Persistent link: https://www.econbiz.de/10011737236
. Russia s transition since 1992 is examined as an example of the neoliberal approach, while China s transition since 1978 is …
Persistent link: https://www.econbiz.de/10011527411
be completed. Secondly, the central challenges of Russia’s second decade of reform are primarily concerned with reforming … state institutions. Thirdly, the pursuit of reforms across a broad front could enable Russia to profit from …
Persistent link: https://www.econbiz.de/10012445971
be completed. Secondly, the central challenges of Russia's second decade of reform are primarily concerned with reforming … state institutions. Thirdly, the pursuit of reforms across a broad front could enable Russia to profit from …
Persistent link: https://www.econbiz.de/10014059705
policy advice and mistaken policy choices. Though Russia's performance leaves much to be desired, such criticisms are based … particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass … and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state …
Persistent link: https://www.econbiz.de/10013098903