Please use this identifier to cite or link to this item:
Full metadata record
|dc.description.abstract||This paper analyzes the inter-relations between economic and political processes duringtransition in 25 post-communist countries of Central and Eastern Europe and the formerSoviet Union. The main findings are the following: First, economic liberalizationgenerally has positive effect on growth even when controlling for initial conditions. Theeffect is U-shaped during the contraction and linear during the recovery, but in bothperiods complete liberalization is superior to no liberalization. Second, democracy has anegative effect on growth during the contraction, whereas its effect appears insignificantduring the recovery. Third, economic performance is a strong determinant of support forthe reform in elections: support for the reform falls with unemployment and increases witheconomic growth, output level relative to 1989, and, surprisingly, inflation. Finally,economic liberalization per se increases opposition against the reform, as the costs of thereform apparently go beyond deteriorating economic performance. The level ofdemocracy, in contrast, increases the support for the reform.||-|
|dc.relation.ispartofseries|||aZEI working paper |xB 05-2000||en_US|
|dc.title||Liberalization, democracy and economic performance during transition||en_US|
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.