Institution Building And Growth In Transition Economies

Author : Thorsten Beck,Luc Laeven
Publisher : World Bank Publications
Page : 54 pages
File Size : 49,7 Mb
Release : 2005
Category : Asia, Central
ISBN : 8210379456XXX

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Institution Building and Growth in Transition Economies by Thorsten Beck,Luc Laeven Pdf

Abstract: "Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition."--World Bank web site.

Author : Thorsten Beck,Luc Laeven
Publisher : Unknown
Page : 128 pages
File Size : 52,7 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931674844

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Institution Building and Growth in Transition Economies by Thorsten Beck,Luc Laeven Pdf

Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition.

Author : Tim Yeager
Publisher : Routledge
Page : 184 pages
File Size : 40,5 Mb
Release : 2018-02-07
Category : Political Science
ISBN : 9780429968310

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Institutions, Transition Economies, And Economic Development by Tim Yeager Pdf

Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Author : Timothy J. Yeager
Publisher : Unknown
Page : 166 pages
File Size : 53,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 0813335736

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Institutions, Transition Economies, and Economic Development by Timothy J. Yeager Pdf

Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager’s Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Author : Gregory Kisunko
Publisher : Unknown
Page : 128 pages
File Size : 40,5 Mb
Release : 1999
Category : Electronic
ISBN : OCLC:1005793134

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Institutions in Transition: Reliability of Rules and Economic Performance in Former Socialist Countries by Gregory Kisunko Pdf

August 1997 The predictability of a transition economy's institutional framework may well influence the amount of foreign direct investment and economic growth the economy can expect. Building reliable institutions that support a market system is widely believed to be critical to a successful economic transition. Brunetti, Kisunko, and Weder present indicators on the predictability of the institutional framework across twenty transition economies--indicators of the predictability of rules, political stability, the security of property rights, the reliability of the judiciary, and the lack of corruption. They then investigate whether these indicators can explain differences in economic performance. The results suggest that the predictability of the institutional framework may indeed explain a large part of differences in foreign direct investment and in economic growth among transition economies. Political stability and secure property rights are particularly important to entrepreneurial confidence in the economy. This paper--a product of the Office of the Chief Economist and Senior Vice President, Development Economics--was produced as a background paper for World Development Report 1997: The Role of the State in a Changing World. The study was funded in part by the Research Support Budget under the research projects Cross-Country Indicators of Institutional Uncertainty (RPO 680-51) and Indicators of Government Quality as Perceived by the Private Sector (RPO 681-52).

Author : P. Tridico
Publisher : Springer
Page : 300 pages
File Size : 44,6 Mb
Release : 2011-07-19
Category : Business & Economics
ISBN : 9780230313880

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Institutions, Human Development and Economic Growth in Transition Economies by P. Tridico Pdf

This book analyses the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and human development performance.

Author : David A. Grigorian,Albert Martinez
Publisher : World Bank Publications
Page : 26 pages
File Size : 47,9 Mb
Release : 2000
Category : Business enterprises
ISBN : 8210379456XXX

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Industrial Growth and Quality of Institutions by David A. Grigorian,Albert Martinez Pdf

Developing the legal and regulatory framework, improving contract enforcement, and reducing administrative barriers in the business environment increases the amount of investment and improves the efficiency of resource allocation.

Author : Oli Havrylyshyn,Ron van Rooden
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,8 Mb
Release : 2000-03
Category : Business & Economics
ISBN : UCSD:31822028586287

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Institutions Matter in Transition, But So Do Policies by Oli Havrylyshyn,Ron van Rooden Pdf

When I was growing up in Peru, I was told that the farms I visited belonged to farming communities and not to the individual farmers. Yet as I walked from field to field, a different dog would bark. The dogs were ignorant of the prevailing law; all they knew was which land their masters controlled. In the next 150 years those nations whose laws recognize what the dogs already know will be the ones who enjoy the benefits of a modern market economy. - Hernando de Soto

Author : Michael Cuddy
Publisher : Routledge
Page : 222 pages
File Size : 43,7 Mb
Release : 2019-01-15
Category : Business & Economics
ISBN : 9781351742634

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Institutional Change in Transition Economies by Michael Cuddy Pdf

This title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.

Author : Aymo Brunetti,Gregory Kisunko,Beatrice Weder
Publisher : World Bank Publications
Page : 54 pages
File Size : 53,6 Mb
Release : 1997
Category : Economic indicators
ISBN : 8210379456XXX

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Institutions in Transition by Aymo Brunetti,Gregory Kisunko,Beatrice Weder Pdf

Author : Giovanni Andrea Cornia,Vladimir Mikhaĭlovich Popov
Publisher : Unknown
Page : 296 pages
File Size : 45,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 0199242186

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Transition and Institutions by Giovanni Andrea Cornia,Vladimir Mikhaĭlovich Popov Pdf

This book is the first comprehensive assessment of the mortality crisis which has affected most economies in transition but which has remained so far largely unexplained. It reconciles long-term and short-term explanations of the crisis and makes use of special micro data-sets never used before. By providing a rigorous multidisciplinary analysis of this upsurge in mortality rates, the book hopes to contribute to the launch of vigorous policies to tackle this societal problem.

Author : Douglass Cecil North
Publisher : Unu/Wider
Page : 36 pages
File Size : 54,6 Mb
Release : 1997
Category : Europe, Eastern
ISBN : WISC:89072759129

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The Contribution of the New Institutional Economics to an Understanding of the Transition Problem by Douglass Cecil North Pdf

Author : Maciej J. Grodzicki,Anna Zachorowska-Mazurkiewicz
Publisher : Taylor & Francis
Page : 297 pages
File Size : 46,7 Mb
Release : 2024-06-21
Category : Business & Economics
ISBN : 9781040048726

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Public Policy in Transition Economies by Maciej J. Grodzicki,Anna Zachorowska-Mazurkiewicz Pdf

Public policies are usually carefully designed to address a particular problem, but they are also shaped and influenced by the sociocultural heritage of a particular country. This volume explores the origins of economic and other public policies in Central and Eastern Europe. This region makes for a particularly interesting case because after going through a major system change – transitioning from a command economy into a market economy – many of the key policies were written anew. The contributors to this book look at key policy areas at the intersection of state and private sectors, including industrial, pension, energy, and competition policies. The chapters examine key questions such as: how did these policies evolve from the time of transition to their final form? What were the main drivers of policy conduct and factors influencing major policy choices? How does the historical context impact contemporary policy space? Throughout the volume, an institutional approach is adopted, according to which policies are perceived as the outcome of top‐down design, filtered through social institutions inherited from the past. With this approach, this book presents a long‐running assessment, over 30 years, of policymaking in transition economies, which were subject to profound changes throughout the period. This book will be of interest to readers in institutional economics, policy studies, transition economies, and the recent history of Eastern Europe.

Author : John R. Nellis
Publisher : World Bank Publications
Page : 44 pages
File Size : 48,7 Mb
Release : 1999-01-01
Category : Business & Economics
ISBN : 0821345036

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Time to Rethink Privatization in Transition Economies? by John R. Nellis Pdf

IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.

Author : Joachim Ahrens
Publisher : Edward Elgar Publishing
Page : 454 pages
File Size : 52,7 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105026000146

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Governance and Economic Development by Joachim Ahrens Pdf

Outlines a theory of governance and applies it to key problems relating to the implementation of economic reforms in less developed countries and economies in transition.