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Governance, Institutions and Growth: Empirical Lessons from the Post-Communist Transition

In: Economic Growth and Structural Features of Transition

Author

Listed:
  • Christopher J. Gerry
  • Jong-Kyu Lee
  • Tomasz M. Mickiewicz

Abstract

The post-communist countries of Central Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) have proved to be a fertile arena in which to empirically explore the role of institutions within the context of economic growth. As the short term evolves into the medium term, as quantitative proxies for institutions extend their coverage and grow increasingly sophisticated, and as more advanced econometric techniques become available, we now revisit the empirics of economic growth in transition. In particular, using data for 1989–2007,1 we re-examine the role of both traditional factor accumulation variables and variables relating to policy choices. In doing the latter, we are able to observe more closely the causal links between institutions of governance, economic policy outcomes and economic growth and thus go some way towards identifying the important conditioning role played by governance institutions.

Suggested Citation

  • Christopher J. Gerry & Jong-Kyu Lee & Tomasz M. Mickiewicz, 2010. "Governance, Institutions and Growth: Empirical Lessons from the Post-Communist Transition," Studies in Economic Transition, in: Enrico Marelli & Marcello Signorelli (ed.), Economic Growth and Structural Features of Transition, chapter 2, pages 41-59, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-27740-3_3
    DOI: 10.1057/9780230277403_3
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    Cited by:

    1. Cristian Incaltarau & Ilkhom Sharipov & Gabriela Carmen Pascariu & Teodor Lucian Moga, 2022. "Growth and convergence in Eastern Partnership and Central Asian countries since the dissolution of the USSR—embarking on different development paths?," Development Policy Review, Overseas Development Institute, vol. 40(1), January.

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