The paper examines existing results on the relationship between growth performance and speed of liberalization during transition. Several influential studies contain methodological problems that preclude interpretation of their results as bearing on the effects of speed of reform and that...

The paper examines existing results on the effects of the speed of liberalization on growth performance during transition. We highlight methodological problems in these studies, noting the existence of simultaneous causation and the use of variables that are not valid measures of the phenomena...

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...