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Economics, Institutions, History and Geography in the Transition Process

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  • Charles Wyplosz

    ()
    (The Graduate Institute of International Economics and CEPR)

Abstract

This paper provides a comparative analysis of macroeconomic trends in the transition economies over the 1992-2003 period. It also describes some differences between the transition economies and emerging markets more generally. Good governance and appropriate institutions are found to be essential ingredients for success. However, history and geography seem to have predetermined the economic successes and failures. Being close to the EU provided the advantage of future accession while having been part of the Soviet Union proved to be a severe handicap.

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File URL: http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2005-8.pdf
File Function: First version, 2005
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Bibliographic Info

Paper provided by UNECE in its series ECE Discussion Papers Series with number 2005_8.

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Length: 25 pages
Date of creation: Dec 2005
Date of revision:
Publication status: Published in UNECE Discussion Paper Series, No. 2005_8
Handle: RePEc:ece:dispap:2005_8

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Related research

Keywords: Transition economy; European macroeconomics; Economic institutions; Economic growth;

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  1. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
  2. Xavier X. Sala-i-Martin, 1997. "I Just Ran Four Million Regressions," NBER Working Papers 6252, National Bureau of Economic Research, Inc.
  3. Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
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