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Economic Effects of Post-Socialist Constitutions Revisited (nearly) 25 Years from the Outset of Transition

Katarzyna Metelska-Szaniawska ()

No 2015-33, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: Post-socialist transition taking place since 1989 in countries of Central and Eastern Europe, as well as later in Central and Southwestern Asia, brought about simultaneous changes of their political and economic systems, requiring the establishment of new constitutional frameworks. In this paper we study the effects of post-socialist constitutional change on economic policy decisions of countries involved in this process. As nearly 25 years have passed from the outset of transition, the data allows to conduct an empirical study based on an econometric model confirming the relevance of several constitutional rules in this respect, e.g. regarding the model of government and constitutional judiciary. Based on the results, recommendations are made for countries, where the transition process has been slow and unsuccessful.

Keywords: Constitutional Economics; post-socialist transition; economic reforms; direct democracy (search for similar items in EconPapers)
JEL-codes: H11 K19 P21 P26 (search for similar items in EconPapers)
Date: 2015
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