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dc.contributor.authorFidrmuc, Janen_US
dc.contributor.authorTichit, Arianeen_US
dc.date.accessioned2012-02-14en_US
dc.date.accessioned2012-02-15T17:37:55Z-
dc.date.available2012-02-15T17:37:55Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55343-
dc.description.abstractWe investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead to better long-term economic performance.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Fiscal Policy, Macroeconomics and Growth 3720en_US
dc.subject.jelO11en_US
dc.subject.jelO47en_US
dc.subject.jelP27en_US
dc.subject.ddc330en_US
dc.subject.keywordcrisisen_US
dc.subject.keywordtransitionen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordinflationen_US
dc.subject.keywordreformen_US
dc.subject.keywordinstitutionsen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwWirtschaftsreformen_US
dc.subject.stwInstitutioneller Wandelen_US
dc.subject.stwDemokratisierungen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwTransformationsstaatenen_US
dc.titleHow i learned to stop worrying and love the crisisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn685266303en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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