Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/8382
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dc.contributor.authorFidrmuc, J-
dc.contributor.authorTichit, A-
dc.date.accessioned2014-05-06T14:36:02Z-
dc.date.available2014-05-06T14:36:02Z-
dc.date.issued2013-
dc.identifier.citationEconomic Systems, 37(4), 542 - 554, 2013en_US
dc.identifier.issn0939-3625-
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0939362513000617en
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/8382-
dc.descriptionThis is the post-print version of the final paper published in Economic Systems. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. Copyright @ 2013 Elsevier B.V.en_US
dc.description.abstractWe investigate the effects of economic crises on the subsequent economic, performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic, crises during the 1990s. We find that the severity of crisis has a positive impact on the subsequent pace of economic reform, economic growth and, with a delay, on investment and institutional change. Episodes of high inflation, moreover, translate into lower subsequent inflation. Crises thus serve as catalysts of reform and institutional change and lead to better long-term economic performance.en_US
dc.language.isoenen_US
dc.publisherElsevier Science Inc.en_US
dc.subjectCrisisen_US
dc.subjectTransitionen_US
dc.subjectGrowthen_US
dc.subjectInflationen_US
dc.subjectReformen_US
dc.subjectInstitutionsen_US
dc.titleHow I learned to stop worrying and love the crisisen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.ecosys.2013.03.002-
pubs.organisational-data/Brunel-
pubs.organisational-data/Brunel/Brunel Active Staff-
pubs.organisational-data/Brunel/Brunel Active Staff/School of Social Sciences-
pubs.organisational-data/Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance-
pubs.organisational-data/Brunel/University Research Centres and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups/Centre for Economic Development and Institutions-
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Dept of Economics and Finance Research Papers

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