The Relationship between Economic Growth and the Speed of Liberalization During Transition

Journal of Policy Reform, Vol. 3, Issue 2, 1999

Posted: 27 Apr 1999

See all articles by Berta Heybey

Berta Heybey

Government of the United States of America - Overseas Private Investment Corporation (OPIC)

Peter Murrell

University of Maryland - Department of Economics

Abstract

The paper examines existing results on the relationship between growth performance and speed of liberalization during transition. Several influential studies contain methodological problems that preclude interpretation of their results as bearing on the effects of speed of reform and that suggest their results might be subject to endogeneity bias. We address these problems in a simultaneous equations framework. We find that policy change is less important than initial conditions during the first four years of transition. However, growth performance has a strong effect on the speed of liberalization

Note: This is a description of the paper and is not the actual abstract.

JEL Classification: O11, P21

Suggested Citation

Heybey, Berta and Murrell, Peter, The Relationship between Economic Growth and the Speed of Liberalization During Transition. Journal of Policy Reform, Vol. 3, Issue 2, 1999. Available at SSRN: https://ssrn.com/abstract=161516

Berta Heybey

Government of the United States of America - Overseas Private Investment Corporation (OPIC) ( email )

Washington, DC
United States

Peter Murrell (Contact Author)

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States
301-405-3476 (Phone)
301-405-3542 (Fax)

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