Linkages between Political and Economic Reforms in Post-Communist Countries
AbstractThis paper analyses the interaction between the political and economic reforms undertaken in post-communist countries since the early 1990s. The empirical investigation uses panel data from 27 transition countries for the period 1991 to 2005. Democratisation has led to market economic reforms, while the extent of economic reforms has not had any discernable effect on political developments. Macroeconomic performance has had little or no effect on political and economic reforms, while wars and civil strife have held back both kinds of reforms. Initial conditions have played an important role regarding the outcome of the transition: large macroeconomic distortions and a low development level have produced less democratisation and fewer market economic reforms. The prospect of EU membership has reinforced democratisation but has slowed economic reforms in the applicant countries.
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Bibliographic InfoArticle provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.
Volume (Year): 32 (2006)
Issue (Month): ()
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Web page: http://www.nopecjournal.org
transition; economic reform; political reform;
Find related papers by JEL classification:
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
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- Staehr, Karsten & Tamazian, Artur & Vadlamannati, Krishna Chaitanya, 2009. "Political Determinants of Economic Reforms in the Post-Communist Transition Countries," MPRA Paper 15960, University Library of Munich, Germany.
- Hans Pitlik & Björn Frank & Mathias Firchow, 2010. "The demand for transparency: An empirical note," The Review of International Organizations, Springer, vol. 5(2), pages 177-195, June.
- R. Golinelli & R. Rovelli, 2011.
"Did Growth and Reforms Increase Citizens’ Support for the Transition?,"
wp771, Dipartimento Scienze Economiche, Universita' di Bologna.
- Golinelli, Roberto & Rovelli, Riccardo, 2013. "Did growth and reforms increase citizens' support for the transition?," European Journal of Political Economy, Elsevier, vol. 30(C), pages 112-137.
- Golinelli, Roberto & Rovelli, Riccardo, 2011. "Did Growth and Reforms Increase Citizens' Support for the Transition?," IZA Discussion Papers 5836, Institute for the Study of Labor (IZA).
- Igor Pelipas & Alexander Chubrik, 2008. "Market Reforms and Growth in Post-socialist Economies: Evidence from Panel Cointegration and Equilibrium Correction Model," William Davidson Institute Working Papers Series wp936, William Davidson Institute at the University of Michigan.
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