What is it about?
This article explains the peculiarities of institutional effects on growth rates in post-communist countries.
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Why is it important?
Legal institutional change in the post-communist world is a product of the quality of the political environment to a greater extent than their drift-phase alternatives.
Perspectives
Theoretical juxtapositions show that transition countries’ institutions built through path-breaking institutional reforms differ from those that emerge evolutionarily in the drift phase in a twofold manner in their relationship to growth. Growth rates of their economies are less likely to depend on the quality of legal institutions and are more likely to be a function of the maturity of political institutions.
Larysa Tamilina
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This page is a summary of: Post-communist Transition as a Path Break: Comparing Legal Institutional Effects on Economic Growth between Path-breaking and Path-drifting Institutional Reforms, Margin The Journal of Applied Economic Research, August 2017, SAGE Publications,
DOI: 10.1177/0973801017703513.
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