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Стратегии Институциональных Реформ: Перспективные Траектории
[Institutional Reform Strategies: Promising trajectories]

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Abstract

This is the first part of the research devoted to the problem of the choice of institutional reform strategies. A strategy is defined as a planned trajectory of institutional changes in time. Three types of strategies are compared: shock therapy, gradual growing, and interim institution strategy. A concept of a promising trajectory is introduced; this is a trajectory that has good chances to be successful since it meets a number of requirements. A promising trajectory has to be agreed with technological, resource and institutional constraints, and should provide built-in mechanisms to stimulate planned institutional changes and to prevent dysfunctions and institutional traps. In particular, such a trajectory has to take into account national cultural peculiarities, static and dynamic institutional complementarities, and political decision making mechanisms. It is necessary to restrain redistributive activities and envisage compensations to those who could lose due to reforms. Institutional changes have to be supported by measures directed to form positive institutional expectations, and by government policies stimulating economic growth. In the second part of the work, proposed analytical tools are implemented to compare reforms in Russia and China.

Suggested Citation

  • Polterovich, Victor, 2006. "Стратегии Институциональных Реформ: Перспективные Траектории
    [Institutional Reform Strategies: Promising trajectories]
    ," MPRA Paper 22000, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22000
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    File URL: https://mpra.ub.uni-muenchen.de/22000/1/MPRA_paper_22000.pdf
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    References listed on IDEAS

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    1. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 159-240.
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    3. Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2003. "Vertical Integration and Distance to Frontier," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 630-638, 04/05.
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    6. Sato, Kazuo, 1990. "Indicative planning in Japan," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 625-647, December.
    7. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," World Bank Research Observer, World Bank Group, vol. 15(1), pages 99-135, February.
    8. Yingyi Qian, 1999. "The Institutional Foundations of China's Market Transition," Working Papers 99011, Stanford University, Department of Economics.
    9. repec:hrv:faseco:30728045 is not listed on IDEAS
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    More about this item

    Keywords

    institutional reforms; institutional reform strategies; promising trajectory; economic transition;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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