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Growth and Transition

In: Economic Transition in Central Europe and the Commonwealth of Independent States

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  • Tomasz Mickiewicz

Abstract

In this chapter, we discuss the link between reforms and economic growth. It is organized as follows. The chapter opens with a discussion of the general results from the existing literature on the long-term determinants of economic growth. From there, we move to the discussion of published empirical results on factors affecting long- (medium-) term growth in transition economies. We then turn to the existing evidence based on panel data and short-term effects. Subsequently, we focus our attention on criticism by Rzońca and Ciżkowicz (2003), who show that some reported results may be spurious, and offer our own illustration of this issue, supporting their argument. Finally, we present some additional new estimations and draw some brief conclusions.

Suggested Citation

  • Tomasz Mickiewicz, 2005. "Growth and Transition," Studies in Economic Transition, in: Economic Transition in Central Europe and the Commonwealth of Independent States, chapter 10, pages 181-196, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-50434-9_10
    DOI: 10.1057/9780230504349_10
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