Political Determinants of Economic Reforms in the Post-Communist Transition Countries
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15960.
Date of creation: 01 May 2009
Date of revision:
Economic reforms; political economy; political institutions; economic development;
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-HAP-2009-07-11 (Economics of Happiness)
- NEP-POL-2009-07-11 (Positive Political Economics)
- NEP-TRA-2009-07-11 (Transition Economics)
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