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Institutions, Policies and Growth

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  • G. Kolodko

Abstract

Growth factors and the causes of disparities between the potential and actual growth rates are considered in the article. Issues pertaining to the interaction between the structure and functioning of market economy institutions as well as the policy followed within their framework with an accent on the experience of the transition economies are analyzed. The necessity of learning in the process of mastering new institutions is stressed. Special attention is paid to the analysis of gray sector in politics. Requirements to effective economic policy accounting for consequences for long-term production dynamics are formulated.

Suggested Citation

  • G. Kolodko, 2004. "Institutions, Policies and Growth," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2004:id:1916
    DOI: 10.32609/0042-8736-2004-7-35-50
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    Cited by:

    1. Herzog, Bodo, 2006. "Coordination of fiscal and monetary policy in CIS-countries: A theory of optimum fiscal area?," Research in International Business and Finance, Elsevier, vol. 20(2), pages 256-274, June.
    2. Olga Romanova & Alena Ponomareva, 2019. "Theoretical, Institutional and Ethical Basis for Implementing Modern Industrial Policy. Part I," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 13-28.
    3. Alessandro Romagnoli & Luisa Mengoni, 2009. "The challenge of economic integration in the MENA region: from GAFTA and EU-MFTA to small scale Arab Unions," Economic Change and Restructuring, Springer, vol. 42(1), pages 69-83, May.
    4. Grzegorz W. Kolodko, 2018. "Socialism or capitalism? Tertium Datur," Economy and Forecasting, Valeriy Heyets, issue 1, pages 7-36.
    5. Mr. Garbis Iradian, 2007. "Rapid Growth in the CIS: Panel Regression Approach," IMF Working Papers 2007/170, International Monetary Fund.

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