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New Institutions and Economic Liberalisation


  • Demid Golikov



We discuss how the organization of society, the complexity of the economy, and its level of technological development influence the relationship between the institutions of democracy and economic growth; why the foundation of democracy and market institutions at the same time, in a society without a relevant historical background, remains problematical; and whether enforcement of the institutions of democracy is helpful for stabilization and further sustainability of growth.

Suggested Citation

  • Demid Golikov, 2002. "New Institutions and Economic Liberalisation," Macroeconomics 0202002, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0202002
    Note: Type of Document - PDF; prepared on IBM PC; to print on HP/PostScript/; pages: 21 ; figures: no figures. The paper in progress. All comments are welcome.

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    institutions democracy liberalisation macroeconomic policy;

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • P0 - Economic Systems - - General

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