The Impact of Institutions on Economic Growth: The Case of Transition Economies

Redek, Tjaša; Sušjan, Andrej

doi:10.1080/00213624.2005.11506864

Cited by 54 publications

(75 citation statements)

References 22 publications

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“…Moreover, after many years of transition, most countries of the former Soviet Union are still grappling with institutional reforms while countries with narrower gaps to close, such as Slovenia, Hungary, and Poland, quickly established institutions very close to those of capitalist economies. This latter set of East European countries also performed better in terms of output growth (Redek and Susjan 2005).…”

Section: Governance and Institutionsmentioning

confidence: 92%

“…Redek and Susjan (2005) tested two hypotheses in this regard: (i) that those countries with institutions closer to market economies adjust faster to the demands of market mechanisms, and (ii) that economic performance and institutional quality are highly correlated. The hypotheses were confirmed with robust results.…”

Section: Governance and Institutionsmentioning

confidence: 99%

“…It may also retard growth, although it does not appear to have had an impact over the past 2 decades when inequality was rising but the growth rate remained very high. Furthermore, a recent study suggests that the increase in equality up to the mid-2000s appears to have leveled off in 2005(Lin, Zhuang, and Yarcia 2010. In early work on US inequality, Simon Kuznets (1955) suggested that inequality will first rise as a country develops and then fall even as income continues to increase.…”

mentioning

confidence: 99%

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The Middle-Income Transition around the Globe: Characteristics of Graduation and Slowdown

2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, the ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Working papers are subject to formal revision and correction before they are finalized and considered published.Asian Development Bank Institute Kasumigaseki Building 8F 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, Japan AbstractThe paper investigates the situation of middle-income economies around the world. Since 1965, only 18 economies with a population of more than 3 million and not dependent on oil exports have made the transition to being high income. Many more have not been able to move beyond the middle-income stage. We conduct statistical tests of differences between two groups of economies across a range of growth and development variables. The results suggest that middle-income economies are particularly weak in the following areas: governance, infrastructure, savings and investment, inequality, and quality-but not quantity-of education. The findings are used to suggest whether the People's Republic of China is successfully progressing through the middle-income stage or whether it may get caught in a middle-income trap.

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Section: Governance and Institutionsmentioning

confidence: 92%

Section: Governance and Institutionsmentioning

confidence: 99%

mentioning

confidence: 99%

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The Middle-Income Transition around the Globe: Characteristics of Graduation and Slowdown

2015

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“…Bunlar aşağıdaki gibi özetlenebilir (Redek ve Susjan, 2005: 1003: -Düşük enflasyon ve yüksek işsizlik oranları birlikte seyretmektedir. İşsizlik oranları umursanmaksızın nihai mal fiyatları ve ücretler kontrol altında tutulmaktadır.…”

Section: Avrupa Geçiş Ekonomilerinde Finansal Sektörün Gelişimiunclassified

Finansal Gelişme ve Ekonomik Büyüme Arasındaki İlişki: Avrupa Geçiş Ekonomileri Örneği

Sağlam¹,

Sönmez²

2017

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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“…Yet the experience of post-communist countries seems to be unique since transition economies have been and still are undergoing major structural changes in all sectors (education, the economy, the welfare state) at the same time, which are incomparable with downturns in the business cycle known in Western economies (Roberts, 1998, Redek andSušjan, 2005). The introduction of a market-based economy inter alia required radical changes in the system of production and consequently the skills of the labour force.…”

mentioning

confidence: 99%