Institutions Matter in Transition, But so do Policies
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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. 2000/070
Subject:
Corruption Crime Environment Housing Institutional arrangements for revenue administration Legal support in revenue administration Macrostructural analysis National accounts Revenue administration Structural reforms
English
Publication Date:
March 1, 2000
ISBN/ISSN:
9781451849141/1018-5941
Stock No:
WPIEA0702000
Pages:
26
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