Стратегии институциональных реформ: Перспективные траектории

Institutional Reform Strategies: Promising trajectories

Victor Polterovich
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

MPRA Paper from University Library of Munich, Germany

Abstract: This is the first part of the research devoted to the problem of the choice of institutional reform strategies. A strategy is defined as a planned trajectory of institutional changes in time. Three types of strategies are compared: shock therapy, gradual growing, and interim institution strategy. A concept of a promising trajectory is introduced; this is a trajectory that has good chances to be successful since it meets a number of requirements. A promising trajectory has to be agreed with technological, resource and institutional constraints, and should provide built-in mechanisms to stimulate planned institutional changes and to prevent dysfunctions and institutional traps. In particular, such a trajectory has to take into account national cultural peculiarities, static and dynamic institutional complementarities, and political decision making mechanisms. It is necessary to restrain redistributive activities and envisage compensations to those who could lose due to reforms. Institutional changes have to be supported by measures directed to form positive institutional expectations, and by government policies stimulating economic growth. In the second part of the work, proposed analytical tools are implemented to compare reforms in Russia and China.

Keywords: institutional reforms; institutional reform strategies; promising trajectory; economic transition (search for similar items in EconPapers)
JEL-codes: O10 P21 (search for similar items in EconPapers)
Date: 2006
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Published in Economics and Mathematical Methods 1.42(2006): pp. 3-18

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Journal Article: Стратегии институциональных реформ. Перспективные траектории (2006)
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