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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 …
Persistent link: https://www.econbiz.de/10004975841
Growth regressions have provided important insights into the impact of economic reforms on growth in transition … such as the importance of sequencing and reform speed. The results indicate a broad-based reform policy is good for growth … restructuring affect growth negatively. Swift reform policies allow transition countries to benefit from higher growth for a longer …
Persistent link: https://www.econbiz.de/10005412843
Growth regressions have provided important insights into the impact of economic reforms on growth in transition … such as the importance of sequencing and reform speed. The results indicate a broad-based reform policy is good for growth … restructuring affect growth negatively. Swift reform policies allow transition countries to benefit from higher growth for a longer …
Persistent link: https://www.econbiz.de/10005648614
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10010307928
the performance of a country: in the first years the transition progress may affect growth in a positive way, but later it … becomes insignificant. This can explain some growth peculiarities previously remarked when transition countries were analysed … by means of long-run growth models. Using Barro and Levine-Renelt models the authors show that despite somewhat better …
Persistent link: https://www.econbiz.de/10010938652
This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection … uncorrelated with 15 predictors of future growth, including pre-banking income, education, anti-market sentiment, institutional …. Additional results indicate that spetsbanks increased growth in regions in which they were less connected to government and were …
Persistent link: https://www.econbiz.de/10010545767
adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10009647155
recovery to growth and convergence during the last few years. This paper summarizes some of the growth experiences of East Asia … exchange rates during periods of high growth. …
Persistent link: https://www.econbiz.de/10005644861
This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so far, namely: (1) output fell, (2) capital shrank, (3)...
Persistent link: https://www.econbiz.de/10005114235