Please use this identifier to cite or link to this item:
|Title:||How I learned to stop worrying and love the crisis|
|Citation:||Economics and Finance Working Paper, Brunel University, 11-05|
|Abstract:||In this paper we investigate the effects of economic crises on the subsequent economic performance, economic liberalization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises in the early 1990s. We find that the severity of the crisis has a positive impact on the subsequent pace of economic reform and economic growth. The effect on institution change is more complicated: the crisis appears to cause an initial worsening of institutions followed by a subsequent improvement later on.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.