Outcomes of Reforms: Growth
Elodie Douarin () and
Chapter 6 in Economics of Institutional Change, 2017, pp 145-174 from Palgrave Macmillan
Abstract This chapter asks a fundamental question: why did some countries go through a ten-year long recession, while others emerged from the post-communist recessions after a mere two years? What was the relative impact of stabilisation policies, liberalisation policies and initial conditions? This question is still important today, as it was the negative experience of the 1990s that turned some societies away from the reform path.
Keywords: Economic growth; Transition; Recession; Reforms; Initial conditions (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-65474-4_6
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