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The Divergent Postcommunist Paths to Democracy and Economic Freedom

Author

Listed:
  • Simeon Djankov

    () (Peterson Institute for International Economics)

  • Owen Hauck

    () (Peterson Institute for International Economics)

Abstract

This paper presents evidence from 29 postcommunist countries that the economic transition has been more successful than the political transformation in the quarter century since the fall of the Berlin Wall. The adoption of strong parliamentarian systems has countered the adverse effects of religious and imperial history on economic evolution. As a result, the divergence in democracy and political rights is 4 to 5 times larger than the divergence in the path toward economic freedom and ease of doing business. Democracy is not harder to predict than economic freedom—history and ethnicity predict it well. But recent authoritarian regressions in Hungary and Poland, countries with successful economic reforms and strong parliamentarian systems, present a new challenge to researchers.

Suggested Citation

  • Simeon Djankov & Owen Hauck, 2016. "The Divergent Postcommunist Paths to Democracy and Economic Freedom," Working Paper Series WP16-10, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp16-10
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    More about this item

    Keywords

    Economic Freedom; Ease of Doing Business; Democracy;

    JEL classification:

    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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