Services policy reform and economic growth in transition economies, 1990-2004

Felix Eschenbach and Bernard Hoekman ()

No 3663, Policy Research Working Paper Series from The World Bank

Abstract: Major changes have occurred in the structure of former centrally planned economies, including a sharp rise in the share of services in GDP, employment, and international transactions. However, large differences exist across transition economies with respect to services intensity and services policy reforms. The authors find that reforms in policies toward financial and infrastructure services, including telecommunications, power, and transport, are highly correlated with inward foreign direct investment. Controlling for regressors commonly used in the growth literature, they find that measures of services policy reform are statistically significant explanatory variables for the post-1990 economic performance of transition economies. These findings suggest services policies should be considered more generally in empirical analyses of economic growth

New Economics Papers: this item is included in nep-tra
Date: Written
View list of references

Downloads: (external link)
http://www-wds.worldbank.org/servlet/WDSContentSer ... ered/PDF/wps3663.pdf (application/pdf)

Related works:
Working Paper: Services Policy Reform and Economic Growth in Transition Economies, 1990-2004 (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wbk:wbrwps:3663

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank
Address: 1818 H Street, N.W., Washington, DC 20433
Contact information at EDIRC.
Series data maintained by Roula I. Yazigi ().