Staehr, Karsten Tamazian, Artur Vadlamannati, Krishna Chaitanya
Abstract
This paper examines how political institutions and electoral outcomes have affected the economic reform process in the post-communist transition countries. Panel data estimations on annual data for 26 transition economies from 1992 to 2006 suggest that the institutional structure of the economy has been of importance, at least for the western-most transition countries. Democratisation and a relatively short exposure to communist rule have been conducive to economic reform, while the timing of elections and whether the government commands a majority in parliament appear to have been unimportant. Governments with right-wing ideology have implemented more market-economic reforms than governments with other ideologies. A high development level but also high inflation have proved conducive to reforms, while unemployment has had the opposite effect.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
15960.
Find related papers by JEL classification: P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
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