Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94565
Authors: 
Wykoff, Frank
Year of Publication: 
2001
Series/Report no.: 
Claremont Colleges Working Papers in Economics 2001-16
Abstract: 
Five generic reforms, price liberalization, property privatization, macroeconomic stabilization, microeconomic restructuring and trade liberalization, are integrated into both exogenous and endogenous growth models. This integration allows one to assess the implications of each reform for a representative consumer. If one assumes that in assessing a prospective reform each voter, given his unique characteristics and circumstances, acts as if he were the representative consumer, then this framework allows one to evaluate quantitatively the prospects of each reform for each distinct group. This model can be used to forecast how different voters, young-old, flexible-rigid, working-retired, taxpayer-transfer recipient, will respond to each proposal. This can in turn be used to determine the likelihood of success of a democratic polity in transition to capitalism.
Subjects: 
transition
reforms
exogenous growth models
endogenous growth models
JEL: 
O40
E13
D90
O30
Document Type: 
Working Paper

Files in This Item:
File
Size
300.57 kB





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