Babecky, Jan; Havranek, Tomas - Institut ekonomických studií, Univerzita Karlova v Praze - 2013
how reforms worked in the past, we quantitatively review 60 studies estimating the relation between reforms and growth …. These studies examine structural reforms carried out in 26 transition countries around the world. Our results show that an … average reform caused substantial costs in the short run, but had strong positive effects on long-run growth. Reforms focused …