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The Political Economy of Reforms: Empirical Evidence from Post-Communist Transition in the 1990s Author info | Abstract | Publisher info | Download info | Related research | Statistics Kim, Byung-Yeon (University of Essex)
Jukka Pirttila
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Using a novel data set from post-communist countries in the 1990s, this paper examines the link-ages between political constraints, economic reforms and growth. Results from a dynamic panel analysis suggest that public support for reform is negatively associated with increases in income inequality and unemployment. In addition, both ex post and ex ante political constraints referring to the extent of public support affect progress in economic reforms, which in turn determines eco-nomic growth. These findings highlight that while economic reforms are needed to foster growth, they must be designed in such a way that they do not undermine political support for reform.
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Paper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number
120.
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Date of creation: 04 Jun 2003Date of revision:
Handle: RePEc:ecj:ac2003:120Contact details of provider: Web page: http://www.res.org.uk/society/annualconf.asp More information through EDIRC
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Keywords: political constraints ; economic reform ; transition ; growth ; dynamic panel models ; Other versions of this item:
Find related papers by JEL classification: P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
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