Citation

Discussion Paper Details

Please find the details for DP5718 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Institution Building and Growth in Transition Economies

Author(s): Thorsten Beck and Luc Laeven

Publication Date: June 2006

Keyword(s): economic development, institutions and transition economies

Programme Area(s): Institutions and Economic Performance

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.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5718

Bibliographic Reference

Beck, T and Laeven, L. 2006. 'Institution Building and Growth in Transition Economies'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5718