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liberalization. Second, democracy has a negative effect on growth during the contraction, whereas its effect appears insignificant … apparently go beyond deteriorating economic performance. The level of democracy, in contrast, increases the support for the …
Persistent link: https://www.econbiz.de/10010301318
liberalization. Second, democracy has a negative effect on growth during the contraction, whereas its effect appears insignificant … apparently go beyond deteriorating economic performance. The level of democracy, in contrast, increases the support for the …
Persistent link: https://www.econbiz.de/10010515695
Persistent link: https://www.econbiz.de/10001460375
controlling for endogeneity of liberalization in growth). (2) Democracy facilitates economic liberalization. (3) Because of its … effect on liberalization, democracy has a positive overall effect on growth. Nevertheless, the marginal effect of democracy … subsequent democracy appears negative. (5) Economic performance is an important determinant of electoral outcomes and, in …
Persistent link: https://www.econbiz.de/10014126744
Frequent government changes, often bringing reversals in ideological orientations, forced agents in economies in transition to make economic decisions without knowing whether their next government would be more or less benevolent, democratic, corrupt, or able and willing to pursue economic...
Persistent link: https://www.econbiz.de/10014182383
The paper discusses the strategy of economic development of Russia, which has to be developed after the end of the first stage of post-communist transition – when private economy replaced the state-controlled one and stabilization has been obtained. Russia is considered as a heavy...
Persistent link: https://www.econbiz.de/10014164407
The 15 newly independent states that emerged from the breakdown of the Soviet Union are now celebrating their 10th anniversary of independence. This paper looks back over the first decade and draws some lessons from the experience made to date. It focuses on the energy-rich states of the...
Persistent link: https://www.econbiz.de/10014116722
democracy and much greater openness to the outside world. The countries acquired, as acknowledged by acceptance as EU members …
Persistent link: https://www.econbiz.de/10014140007
It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia's performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to...
Persistent link: https://www.econbiz.de/10013098903
This chapter takes stock of growth trends in Belarusian economy since 1996, reviews the evidence of accumulated challenges and risks within the existing growth patterns, and provides policy recommendations aimed at strengthening growth sustainability. In sum, while economic growth in Belarus in...
Persistent link: https://www.econbiz.de/10013058110