The Economic Effects of Political Institutions: Are Post-Communist Countries Different?

by Iulia Cioroianu,

This paper analyzes the relation between constitutional rules, political systems and economic policies in 27 post-communist countries during the transition period. We find that post-communist countries form a category that has its own strong institutional identity. This institutional specificity has an impact on both the political system and the economic policies adopted by governments. Some of our empirical findings are in sharp contrast with the existing theoretical frameworks and the empirical studies that have focused on other areas.

published in Vol 9 - No 2 - 2009 // Twenty Years After: from Fall to Fall?
ABSTRACT

    Twenty Years After: from Fall to Fall?

    Twenty years after the fall of the Berlin wall, Eastern and Central Europe has traveled the full cycle: from the greatest success to the greatest liability. How sustainable is the success of Eastern European countries? What explains their uneven performance during the transition and integration years? Is “catching-up” to remain only a distant dream, after... »
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