Arbeitspapier
Reforms and economic growth in transition economies: Complementarity, sequencing and speed
Growth regressions have provided important insights into the impact of economic reforms on growth in transition economies.Using principal components to decompose reform variables and construct reform clusters, we address unsettled issues such as the importance of sequencing and reform speed.The results indicate a broad-based reform policy is good for growth, but so is a policy of liberalisation and small-scale privatisation without structural reforms.Conversely, large-scale privatisation without adjoining 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 a longer period of time.The speed of reforms otherwise appears to have only limited effects on short-term and medium-term growth.
- ISBN
-
951-686-850-9
- Sprache
-
Englisch
- Erschienen in
-
Series: BOFIT Discussion Papers ; No. 1/2003
- Klassifikation
-
Wirtschaft
Socialist Systems and Transitional Economies: Planning, Coordination, and Reform
Socialist Institutions and Their Transitions: General
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Structure, Scope, and Performance of Government
- Thema
-
Economic reforms
growth
principal components
gradualism versus big-bang
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Staehr, Karsten
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
-
Helsinki
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Staehr, Karsten
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2003
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