@techreport{Fidrmuc2000Liberalization,
abstract = {This paper analyzes the inter-relations between economic and political processes during
transition in 25 post-communist countries of Central and Eastern Europe and the former
Soviet Union. The main findings are the following: First, economic liberalization
generally has positive effect on growth even when controlling for initial conditions. The
effect is U-shaped during the contraction and linear during the recovery, but in both
periods complete liberalization is superior to no liberalization. Second, democracy has a
negative effect on growth during the contraction, whereas its effect appears insignificant
during the recovery. Third, economic performance is a strong determinant of support for
the reform in elections: support for the reform falls with unemployment and increases with
economic growth, output level relative to 1989, and, surprisingly, inflation. Finally,
economic liberalization per se increases opposition against the reform, as the costs of the
reform apparently go beyond deteriorating economic performance. The level of
democracy, in contrast, increases the support for the reform.},
address = {Bonn},
author = {Jan Fidrmuc},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O11; P26; P27; 330; Democracy; Economic Liberalization; Economic Performance; voting; Systemtransformation; Deregulierung; \"{U}bergangswirtschaft; Demokratie; Public Choice; \"{O}ffentliche Meinung},
language = {eng},
number = {B 05-2000},
publisher = {ZEI},
title = {Liberalization, democracy and economic performance during transition},
type = {ZEI working paper},
url = {http://hdl.handle.net/10419/39651},
year = {2000}
}
