Staehr, Karsten - In: European Journal of Comparative Economics 2 (2005) 2, pp. 177-202
of speed effects. The results indicate that broad-based reforms are good for output growth, but so is a policy of … reforms, market opening without supporting reforms and bank liberalisation without enterprise restructuring affect growth … negatively. Swift reform policies allow transition countries to benefit from higher growth for longer time. The speed of reforms …