Institutional equilibrium and economic performance: The case of Ukraine

Gerard Duchene

Post-Print from HAL

Abstract: Since independence, Ukraine's economy has gone through a deep depression followed by spectacular growth since 1999. After a 50% decline, industrial output bounced back in 2006 to its 1990 level. This upturn has taken place without any major institutional change, the rule of law still being as absent as during earlier periods. Growth resumed apparently thanks to classical economic reforms, conducted in line with the Washington consensus and after much hesitation. This case shows that growth is compatible with a "bad institutional equilibrium."

Date: 2006
References: Add references at CitEc
Citations:

Published in Revue d'Etudes Comparatives Est-Ouest, 2006, 37 (4), pp.119--+. ⟨10.3406/receo.2006.1791⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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: https://EconPapers.repec.org/RePEc:hal:journl:hal-00693057

DOI: 10.3406/receo.2006.1791

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().