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Synthetic ‘Real Socialism’: A Counterfactual Analysis of Political and Economic Liberalizations
| Content Provider | Semantic Scholar |
|---|---|
| Author | Petrarca, Ilaria Ricciuti, Roberto |
| Copyright Year | 2014 |
| Abstract | We evaluate the effect of the 1989 shock over economic development in four Eastern European countries. We apply a counterfactual approach and define the shock alternatively as the trigger for economic openness, political competition, or both. The main result is an effect of economic freedom large than the one of democratization. In Poland and Bulgaria we find a positive impact of economic freedom, while in Bulgaria there is also a smaller effect of democratization. In Albania, after an initial recession, economic freedom helps recovery. Finally, Romania does not show any robust effect. |
| Starting Page | 69 |
| Ending Page | 88 |
| Page Count | 20 |
| File Format | PDF HTM / HTML |
| DOI | 10.18559/ebr.2015.1.6 |
| Alternate Webpage(s) | http://leonardo3.dse.univr.it/home/workingpapers/wp2014n11.pdf |
| Alternate Webpage(s) | https://doi.org/10.18559/ebr.2015.1.6 |
| Volume Number | 1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
