Institutions Matter in Transition, But so do Policies

Author/Editor:

International Monetary Fund

Publication Date:

March 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in transition economies during 1991–98. The paper’s main finding is that the development of an institutional framework has indeed a significant positive impact on growth, but that progress in achieving macroeconomic stabilization and implementing broad-based economic reforms remain the key determinants of growth in transition economies.

Series:

Working Paper No. 00/70

Subject:

English

Publication Date:

March 1, 2000

ISBN/ISSN:

9781451849141/1018-5941

Stock No:

WPIEA0702000

Format:

Paper

Pages:

26

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