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When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the rule of law. That didn't happen. We present a dynamic equilibrium model of the political demand for the rule of law and show that beneficiaries of mass privatization may fail to...
Persistent link: https://www.econbiz.de/10012469426
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery … conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition …
Persistent link: https://www.econbiz.de/10012471103
This paper examines alternative hypotheses concerning the determinants of success in the transition from Communism to … important in explaining the growth of the transition countries in the years since the end of the Cold War. In the mid 90s a …
Persistent link: https://www.econbiz.de/10012466679
We have conducted the first survey on management practices in transition countries. We found that Central Asian … transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are … below emerging countries such as Brazil, China and India. In contrast, the central European transition countries such as …
Persistent link: https://www.econbiz.de/10012461426
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving disputes among the constituent groups of the polity. This paper is concerned with discovering the conditions under which it is possible to design such a self-enforcing...
Persistent link: https://www.econbiz.de/10012469982
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10012467450
determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and … household in the transition process, notably the sector of employment, plays no significant role in determining savings rates …
Persistent link: https://www.econbiz.de/10012472348
reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition …
Persistent link: https://www.econbiz.de/10012466121
Why has the expansion of women's economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...
Persistent link: https://www.econbiz.de/10012463295
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...
Persistent link: https://www.econbiz.de/10012464515