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| Content Provider | Springer Nature Link |
|---|---|
| Author | Beck, Thorsten Laeven, Luc |
| Copyright Year | 2006 |
| Abstract | Drawing on the recent literature on economic institutions and the origins of economic development, we offer a political economy explanation of why institution building has varied so much across transition economies. We identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, we also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition. |
| Starting Page | 157 |
| Ending Page | 186 |
| Page Count | 30 |
| File Format | |
| ISSN | 13814338 |
| Journal | Journal of Economic Growth |
| Volume Number | 11 |
| Issue Number | 2 |
| e-ISSN | 15737020 |
| Language | English |
| Publisher | Kluwer Academic Publishers-Plenum Publishers |
| Publisher Date | 2006-07-20 |
| Publisher Place | New York |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Transition economies Institutions Economic development Macroeconomics/Monetary Economics International Economics Economic Growth |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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