Institutions Matter in Transition, But so Do Policies

28 Pages Posted: 14 Feb 2006

See all articles by Oleh Havrylyshyn

Oleh Havrylyshyn

International Monetary Fund (IMF) - European Department

Ron van Rooden

International Monetary Fund (IMF) - European Department

Date Written: March 2000

Abstract

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.

Keywords: Transition, growth, stabilization, reforms, institutions

JEL Classification: E31, H30, K40, O40

Suggested Citation

Havrylyshyn, Oleh and van Rooden, Ron, Institutions Matter in Transition, But so Do Policies (March 2000). IMF Working Paper, Vol. , pp. 1-28, 2000. Available at SSRN: https://ssrn.com/abstract=879570

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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