Social Capability, History and the Economies of Communist and Post-Communist States
Brown University - Department of Economics
Pennsylvania State University - Department of Finance
Brown University Economics Working Paper No. 2005-04
It has been shown, for non-Communist developed and developing countries, that earlier development of agriculture, a dense population, and a state-level polity is associated with a higher income and more rapid economic growth in the late 20th Century. We investigate whether this was also the case for countries under Communism and for the same countries in transition to a market economy. Our findings are generally affirmative, with an interesting pattern for the Eurasian socialist core countries involving higher growth nearer their west European and east Asian poles. We also find that ethnic fractionalization, which is correlated with late pre-modern development, shows harmful effects in the transition era but not under Communism.
Number of Pages in PDF File: 40
Keywords: economic growth, transition, Communism, history, ethnic fractionalization
JEL Classification: P27, N10, O40working papers series
Date posted: May 18, 2005
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 1.032 seconds