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Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe

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  • Bernd Hayo

    (ZEI University of Bonn)

Abstract

This paper looks at public support for the creation of a market economy in Eastern Europe. As a data base, the Central and Eastern Eurobarometers surveys are employed, covering up to 21 countries over a time period of 1990-96 and totalling more than 100000 observations on individuals. The development of support for market reforms is analysed over time and countries. Moreover, in a number of panel regressions, individual and macroeconomic determinants of support for reforms are studied. Apart from the influence of individual characteristics (age, gender, education, income), the only significant and robust aggregate effect is that those countries that are able to keep inflation low get more support for market reforms. Small government budget deficits may also help to strengthen support. Differences in employment, GDP per capita, openness, private sector share and microeconomic transition progress do not show robust effects on people's attitudes towards the creation of a market economy.

Suggested Citation

  • Bernd Hayo, 2000. "Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe," Development and Comp Systems 0004002, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0004002
    Note: Type of Document - pdf; to print on acrobat reader; pages: 31; figures: included
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    References listed on IDEAS

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    1. Rafael Di Tella & Robert J. MacCulloch & Andrew J. Oswald, 2003. "The Macroeconomics of Happiness," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 809-827, November.
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    5. Yavlinsky Grigory & Braguinsky Serguey, 1994. "The Inefficiency of Laissez-Faire in Russia: Hysteresis Effects and the Need for Policy-Led Transformation," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 88-116, August.
    6. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68.
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    Cited by:

    1. Hayo, Bernd & Seifert, Wolfgang, 2003. "Subjective economic well-being in Eastern Europe," Journal of Economic Psychology, Elsevier, vol. 24(3), pages 329-348, June.
    2. Migheli, Matteo, 2010. "Supporting the free and competitive market in China and India: Differences and evolution over time," Economic Systems, Elsevier, vol. 34(1), pages 73-90, March.
    3. Migheli, Matteo, 2014. "Preferences for government interventions in the economy: Does gender matter?," International Review of Law and Economics, Elsevier, vol. 39(C), pages 39-48.
    4. Migheli, Matteo, 2010. "Do the Vietnamese support Doi Moi?," POLIS Working Papers 151, Institute of Public Policy and Public Choice - POLIS.
    5. Matteo Migheli, 2016. "Behind the Wall: What Remains of the “Communist Legacy” in Contemporary Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 671-690, June.
    6. Migheli, Matteo, 2009. "The two sides of a ghost: Twenty years without the wall," POLIS Working Papers 125, Institute of Public Policy and Public Choice - POLIS.

    More about this item

    Keywords

    Economic Reforms; Eastern Europe; Public Support; Transformation;

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P1 - Economic Systems - - Capitalist Systems
    • P2 - Economic Systems - - Socialist Systems and Transition Economies

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