Showing 1 - 10 of 67
The paper discusses the strong output decline in the countries of Central and Eastern Europe. It starts from the puzzling observation that the former CSFR, Hungary and Poland experienced a relatively similar decline in output in spite of completely different stabilization and transformation...
Persistent link: https://www.econbiz.de/10005123537
We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy faster...
Persistent link: https://www.econbiz.de/10011266531
This paper investigates the role of violent civil conflicts during the process of democratization for the quality of … different groups may engage in violent conflict in order to become the ruler predicts a crucial role of the democratization … scenario. A peaceful democratization leads to democracies with a high degree of civil liberties, reflecting a social contract …
Persistent link: https://www.econbiz.de/10008925715
We identify permanent democratic transitions during the Third Wave of Democratization and the nineties, when many … that democratization is more likely to emerge in affluent and especially educated societies. Economic development and …
Persistent link: https://www.econbiz.de/10005114314
regime change and not democratization. We identify and examine 90 successful, failed, and gradual transitions that have … occurred over the last half century. This new classification permits us to compare successful episodes of democratization with … that the growth dividend from political transition is a result of regime change and not democratization, and also offer new …
Persistent link: https://www.econbiz.de/10011084006
conditional on beliefs about property rights enforcement. Democratization is endogenous, but the features of democracies are shown … to be crucially related to the conditions under which democratization initially takes place. Democratic transitions …
Persistent link: https://www.econbiz.de/10005666567
probability of democratization by around 7 percentage points. We also find that rainfall does not affect transitions from …
Persistent link: https://www.econbiz.de/10005792020
This paper discusses three aspects of stabilization and international integration: the real wage; inflation; and the real effective exchange rate. Using empirical evidence on inflation and the real effective exchange rate, we evaluate the gradualist option represented by the Hungarian reforms....
Persistent link: https://www.econbiz.de/10005123546
This paper is a first attempt to evaluate the economic effects of the Marshall Plan. We find that US aid had a significant impact on Europe's recovery from World War II. The recipients of large amounts of Marshall aid recovered significantly faster than other industrial countries. Strikingly,...
Persistent link: https://www.econbiz.de/10005123627
The paper sees countertrade - the tying of trade flows - as an insurance contract that mitigates contractual hazards and reduces the incentive for ex post `hold-up' when parties are `locked' in a relationship after they have made specific investment. This way tying is seen as a commitment device...
Persistent link: https://www.econbiz.de/10005123662