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Back to the Future: The Growth Prospects of Transition Economies Reconsidered

Campos, Nauro - William Davidson Institute, University of Michigan - 1999

There are two strands in the empirical literature on economic growth in transition economies. One focuses on the impact of reforms, while the other emphasizes sustainability issues and the growth prospects these economies face. The most common strategy, in the latter, has been to use...

Persistent link: https://www.econbiz.de/10005677451

Back to the Future: the Growth Prospects of Transition Economies Reconsidered

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

How many years will the average transition economy need to reach the income level of the average OECD country? The favoured methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...

Persistent link: https://www.econbiz.de/10005498184

Growth in Transition: What We Know, What We Don't, and What We Should

Campos, Nauro F.; Coricelli, Fabrizio - William Davidson Institute, University of Michigan - 2002

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/10005652559

Back to the future: The growth prospects of transition economies reconsidered

Campos, Nauro F. - Zentrum für Europäische Integrationsforschung (ZEI), … - 2000

How many years will the average transition economy need to reach the income level of the average OECD country? The favored methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...

Persistent link: https://www.econbiz.de/10008614785

Property Rights and Economic Development

Lee, Yong-Shik - 2021

Formal private property rights (“FPPRs”) have been advocated as an important prerequisite to economic development: a legal right to property ownership motivates economic players to engage in economic activities when these activities yield property interests, and this, in turn, contributes to...

Persistent link: https://www.econbiz.de/10013251844

Constitutional Revisionism in the PRC : Seeking Truth from Facts

Blanchard, Hal E. - 2009

March 2004 witnessed a dramatic overhaul of the People's Republic of China's fledgling constitution, reflecting a … condemned outright. This article argues that despite its totalitarian tendencies, China is currently in the process of working …

Persistent link: https://www.econbiz.de/10014059003

Fifteen Years of Economic Reform in Russia : What has been Achieved? What Remains to be Done?

Ahrend, Rudiger - 2005

The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the...

Persistent link: https://www.econbiz.de/10012445971

A posztszovjet gazdasági rendszer Oroszországban: ipari feudalizmus?

Ericson, Richard E. - In: Közgazdasági Szemle (Economic Review - monthly of the … XLVII (2000) 1, pp. 23-40

A 20. század végének orosz gazdaságát elemezve, a szerző ipari feudalizmusnaknevezi ezt a rendszert, amely alapjaiban tér el a világon megfigyelhető modern piaci rendszerektől. Az eddigi átalakítások lerombolták a szovjet parancsgazdaságot, s a kialakuló intézményi vákuumban a...

Persistent link: https://www.econbiz.de/10010962812

Privatization, Soft Budget Constraint, and Social Burdens: A Random-Effects Stochastic Frontier Analysis on Chinese Manufacturing Technical Efficiency

Gao, Song - Volkswirtschaftliche Fakultät, … - 2010

, namely, the endogeneity problem. The endogeneity problem is present because decision-making process of privatization in China …Traditional panel stochastic frontier studies on privatization of Chinese State-owned firms face a major challenge … likely to be chosen for privatization because the local governments may have incentives to attract private investors or to …

Persistent link: https://www.econbiz.de/10008534528

The Need for a New Theory of Economic Reform

Currie, Carolyn V. - 2006

determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical …

Persistent link: https://www.econbiz.de/10012734628