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Institutions Matter in Transition, But so Do Policies


Oleh Havrylyshyn


International Monetary Fund (IMF) - European Department

Ron Van Rooden


International Monetary Fund (IMF) - European Department
March 2003

Comparative Economic Studies, Vol. 45, Issue 1, pp. 2-24, 2003

Abstract:     
This paper analyses 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 stabilisation and implementing broad-based economic reforms remain the key determinants of growth in transition economies.

Number of Pages in PDF File: 23

Accepted Paper Series


Date posted: September 13, 2010  

Suggested Citation

Havrylyshyn, Oleh and Van Rooden, Ron, Institutions Matter in Transition, But so Do Policies (March 2003). Comparative Economic Studies, Vol. 45, Issue 1, pp. 2-24, 2003. Available at SSRN: http://ssrn.com/abstract=1674307 or http://dx.doi.org/10.1057/palgrave.ces.8100005

Contact Information

Oleh Havrylyshyn (Contact Author)
International Monetary Fund (IMF) - European Department ( email )
700 19th Street NW
Washington, DC 20431
United States
Ron Van Rooden
International Monetary Fund (IMF) - European Department ( email )
700 19th Street NW
Washington, DC 20431
United States
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References:  36
Citations:  34

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