The political economy of reforms: Empirical evidence from post-communist transition in the 1990s

Arbeitspapier

Using a novel data set from post-communist countries in the 1990s, this paper examines linkages between political constraints, economic reforms and growth.A dynamic panel analysis suggests public support for reform is negatively associated with income inequality and unemployment.Both the ex post and ex ante political constraints of public support affect progress in economic reform, which in turn influences economic growth.The findings highlight that while economic reforms are needed to foster growth, they must be designed so that they do not undermine political support for reform.

Object Details

• ISBN: 951-686-856-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: BOFIT Discussion Papers ; No. 4/2003

Classification and Topics

• Classification: Wirtschaft ; Socialist Systems and Transitional Economies: Political Economy; Property Rights ; Macroeconomic Analyses of Economic Development ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
• Subject: Political constraints ; economic reform ; transition ; growth ; dynamic panel models

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kim, Byung-Yeon ; Pirttilä, Jukka
• Event: Veröffentlichung
• (who): Bank of Finland, Institute for Economies in Transition (BOFIT)
• (where): Helsinki
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/212518
• Last update: 10.03.2025, 11:42 AM CET