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Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an econometric model of the interplay between economic reform measures, political decisions and economic performance. Several key hypotheses about transition are tested using two-stage...
Persistent link: https://www.econbiz.de/10011568721
Several countries in the post-Soviet world have completed the transition to a European-type market economy and have been admitted to the EU. For others - either partly or totally unsuccessful in transitioning - the question of whether or not this kind of market economy could be built is not even...
Persistent link: https://www.econbiz.de/10013097443
The case of the Belarusian economy has puzzled many academic scholars for years. Belarus has often been referred to as a transition outlier, given its relatively fast recovery in 1996 and spectacular growth prior to the global financial crisis without much transformation of its economy. Three...
Persistent link: https://www.econbiz.de/10014428039
The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...
Persistent link: https://www.econbiz.de/10014023772
This paper compares trends in key economic, political and social development outcomes in the Philippines with those of Latin America, particularly since the 1990s. To do so, it uses standard indicators of development, including measures of institutional quality and good governance. The paper...
Persistent link: https://www.econbiz.de/10010473137
In the last twenty years, Brazil has experienced several attempts of improving sustainable growth through stabilization programs, and more recently, structural reforms in line with the Washington Consensus Agenda. The results, however, have been disappointing, as the per capita output growth has...
Persistent link: https://www.econbiz.de/10014070957
Persistent link: https://www.econbiz.de/10009660897
This article uses “extreme-bound”-type analysis to revisit the determinants behind the widely differing economic growth in Russian regions prior to the recent global financial crisis. Using data of regional growth in 1995–2006 for 77 Russian regions, it examines the growth drivers for the...
Persistent link: https://www.econbiz.de/10011040302
We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which eat underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but...
Persistent link: https://www.econbiz.de/10011491841
Substantial structural reforms have been taken on labour and product markets by stressed euro area countries since 2008 … structural reforms have reduced the heterogeneity between euro area countries in terms of market rigidities. Moreover, wage and … be detected that wage flexibility has already increased in southern euro area countries. …
Persistent link: https://www.econbiz.de/10010480300