Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212645 
Year of Publication: 
2009
Series/Report no.: 
BOFIT Discussion Papers No. 1/2009
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper reviews the political economy view of economic growth in post-communist economies making the transition to free markets, focusing on the role of economic policy and institutions. We test the hypothesis that better institutions, measured in terms of economic freedom, contribute to growth. The empirical results from the cross-section of transition economies confirm this hypothesis. The paper concludes that non-linearities are present in the growth model and that differences arise depending on how economic well-being is defined.
Subjects: 
growth
institutions
human capital
JEL: 
O17
O40
O57
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-957-7
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.