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Our article presents an index of institutional complementarity for 27 postcommunist economies, and evaluates a key claim of the Varieties of Capitalism paradigm. The empirical novelty of the index lies in its integration of informal institutions as well as its combination of macro-level and...
Persistent link: https://www.econbiz.de/10014133871
We show that the economic transition has been more successful than the political transformation in the quarter century since the fall of the Berlin Wall. The adoption of strong parliamentarian systems has negated the deleterious effects of religious and imperial history on economic evolution. As...
Persistent link: https://www.econbiz.de/10012987853
Our main interest is the impact of the choice of the speed of economic reform on economic growth. We estimate a system of 3 equations where economic growth, economic reform and FDI are jointly determined. We find that new reforms affect economic growth negatively but attract FDI, whereas the...
Persistent link: https://www.econbiz.de/10014066951
Nach dem Zusammenbruch der sozialistischen Systeme vollzogen die betroffenen Ländern Mittel- und Osteuropas in unterschiedlichem Tempo und sequencing den Weg zu Demokratie und einer marktwirtschaftlichen Wirtschaftsordnung. Die polit-ökonomischen Probleme bei der Durchsetzung der umfassenden...
Persistent link: https://www.econbiz.de/10003838585
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10010326923
policies have affected democratization. First, this paper demonstrates a robust democracy boost from lustration policies. In … democratization than programs relying on symbolic, moral cleansing changes alone. Second, the magnitude of the effect is substantial … enhances overall levels of democratization …
Persistent link: https://www.econbiz.de/10013049042
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
Persistent link: https://www.econbiz.de/10011300556
This paper investigates the relationship between corruption and development. By a study of the determinants of the … phenomenon as well as its implications on growth, this paper address the corruption challenge faced by governments and … not entirely clear, it is however without debate to say that development is necessarily linked with anti-corruption …
Persistent link: https://www.econbiz.de/10013241159
Persistent link: https://www.econbiz.de/10010519141
Persistent link: https://www.econbiz.de/10012667472