Governance, Institutions and Growth: Empirical Lessons from the Post-Communist Transition

Christopher Gerry, Jong-Kyu Lee and Tomasz Mickiewicz

Chapter 2 in Economic Growth and Structural Features of Transition, 2010, pp 41-59 from Palgrave Macmillan

Abstract: Abstract The post-communist countries of Central Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) have proved to be a fertile arena in which to empirically explore the role of institutions within the context of economic growth. As the short term evolves into the medium term, as quantitative proxies for institutions extend their coverage and grow increasingly sophisticated, and as more advanced econometric techniques become available, we now revisit the empirics of economic growth in transition. In particular, using data for 1989–2007,1 we re-examine the role of both traditional factor accumulation variables and variables relating to policy choices. In doing the latter, we are able to observe more closely the causal links between institutions of governance, economic policy outcomes and economic growth and thus go some way towards identifying the important conditioning role played by governance institutions.

Keywords: Economic Growth; Consumer Price Index; Transition Economy; Government Effectiveness; Governance Indicator (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-27740-3_3

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DOI: 10.1057/9780230277403_3

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