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the 1980s. The paper examines some of the reform issues facing Hungary, starting with the tax reforms of 1988 and 1989 … of capital market reform and privatization are briefly discussed. …
Persistent link: https://www.econbiz.de/10005789114
resist reforms, policies, rules and laws. China’s reform trajectories have been shaped by regional decentralization …
Persistent link: https://www.econbiz.de/10008468688
the credibility and sustainability of the reforms be enhanced? Second, what role should trade reform play when it is … implemented in the context of macroeconomic instability? Third, should we worry about the consequences of trade reform in the …
Persistent link: https://www.econbiz.de/10005281315
Does democracy promote economic development? We review recent attempts to addresses this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends - in a subtle way - on the details of democratic...
Persistent link: https://www.econbiz.de/10005789020
reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand …
Persistent link: https://www.econbiz.de/10005124381
China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … conventional institutions such as rule of law and secure private property rights is puzzling. To understand how reform works in a … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …
Persistent link: https://www.econbiz.de/10005136741
different models of growth associated with different stages of reform. The speed with which individual countries progress …
Persistent link: https://www.econbiz.de/10005136785
The translation of legal independence into actual independence is primarily determined by the rule of law. Inspired by the economic growth literature, where the role of institutions already is incorporated, we introduce Institutional Quality Indicators that can be used as reasonable proxies for...
Persistent link: https://www.econbiz.de/10005497964
. Members have the same consumption benefit of reform but weak and strong members differ in their cost of exerting reform … efforts. As decisions are taken by unanimity, the reform level is determined by the weakest member. However, strong members … members into the Union) can have different effects on deepening (more reform effort). When a new member is stronger than the …
Persistent link: https://www.econbiz.de/10005504398
banks in 26 former socialist economies (FSEs). The indices reveal that central bank reform in the FSE during the 1990s has …
Persistent link: https://www.econbiz.de/10005656198