Institution Building and Growth in Transition Economies

Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience...

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Main Authors:	Beck, Thorsten, Laeven, Luc
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY BANKING SECTOR BUDGET CONSTRAINTS BUSINESS ENVIRONMENT CAPITA GROWTH CAUSAL EFFECT CENTRALIZATION CITIZEN CITIZENS CIVIL SOCIETY CIVIL SOCIETY INSTITUTIONS CIVIL WAR COMPETITION POLICY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION COUNTRY CHARACTERISTICS DATA SOURCES DEPOSITS DEVELOPING COUNTRIES ECONOMIC CONDITIONS ECONOMIC DECLINE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC GROWTH PERFORMANCE ECONOMIC PERFORMANCE ECONOMIC POWER ECONOMIC REFORMS ECONOMIC RENTS ECONOMIC] GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENTREPRENEURSHIP ETHNIC FRACTIONALIZATION EXPORTS FINANCIAL CAPITAL FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FREE ELECTIONS GDP GDP PER CAPITA GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSEHOLD CONSUMPTION HOUSING HUMAN CAPITAL INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTANGIBLE ASSETS LANDLOCKED COUNTRY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC REFORMS MARKET ECONOMIES MARKET ECONOMY NATURAL RESOURCES NEW ENTRANTS OIL OIL RESERVES PARLIAMENT POLICY RESEARCH POLITICAL CONDITIONS POLITICAL DETERMINANTS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTITUTIONS POLITICAL LEADERS POLITICAL PARTIES POLITICAL STABILITY POLITICAL SYSTEM PRIME MINISTER PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS REGULATORY QUALITY RELATIVE IMPORTANCE REVERSE CAUSATION RULE OF LAW SAFETY NET SECURE PROPERTY RIGHTS STATE ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL REFORM SUSTAINABLE GROWTH TERTIARY EDUCATION TRADE LIBERALIZATION TRADE UNIONS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION PROCESS WESTERN EUROPE Microdata Set
Online Access:	http://documents.worldbank.org/curated/en/2005/07/6045505/institution-building-growth-transition-economies http://hdl.handle.net/10986/8203

id	okr-10986-8203
recordtype	oai_dc
spelling	okr-10986-82032021-04-23T14:02:43Z Institution Building and Growth in Transition Economies Beck, Thorsten Laeven, Luc ACCOUNTABILITY BANKING SECTOR BUDGET CONSTRAINTS BUSINESS ENVIRONMENT CAPITA GROWTH CAUSAL EFFECT CENTRALIZATION CITIZEN CITIZENS CIVIL SOCIETY CIVIL SOCIETY INSTITUTIONS CIVIL WAR COMPETITION POLICY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION COUNTRY CHARACTERISTICS DATA SOURCES DEPOSITS DEVELOPING COUNTRIES ECONOMIC CONDITIONS ECONOMIC DECLINE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC GROWTH PERFORMANCE ECONOMIC PERFORMANCE ECONOMIC POWER ECONOMIC REFORMS ECONOMIC RENTS ECONOMIC] GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENTREPRENEURSHIP ETHNIC FRACTIONALIZATION EXPORTS FINANCIAL CAPITAL FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FREE ELECTIONS GDP GDP PER CAPITA GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSEHOLD CONSUMPTION HOUSING HUMAN CAPITAL INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTANGIBLE ASSETS LANDLOCKED COUNTRY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC REFORMS MARKET ECONOMIES MARKET ECONOMY NATURAL RESOURCES NEW ENTRANTS OIL OIL RESERVES PARLIAMENT POLICY RESEARCH POLITICAL CONDITIONS POLITICAL DETERMINANTS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTITUTIONS POLITICAL LEADERS POLITICAL PARTIES POLITICAL STABILITY POLITICAL SYSTEM PRIME MINISTER PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS REGULATORY QUALITY RELATIVE IMPORTANCE REVERSE CAUSATION RULE OF LAW SAFETY NET SECURE PROPERTY RIGHTS STATE ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL REFORM SUSTAINABLE GROWTH TERTIARY EDUCATION TRADE LIBERALIZATION TRADE UNIONS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION PROCESS WESTERN EUROPE Microdata Set Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition. 2012-06-15T20:19:49Z 2012-06-15T20:19:49Z 2005-07 http://documents.worldbank.org/curated/en/2005/07/6045505/institution-building-growth-transition-economies http://hdl.handle.net/10986/8203 English Policy Research Working Paper; No. 3657 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY BANKING SECTOR BUDGET CONSTRAINTS BUSINESS ENVIRONMENT CAPITA GROWTH CAUSAL EFFECT CENTRALIZATION CITIZEN CITIZENS CIVIL SOCIETY CIVIL SOCIETY INSTITUTIONS CIVIL WAR COMPETITION POLICY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION COUNTRY CHARACTERISTICS DATA SOURCES DEPOSITS DEVELOPING COUNTRIES ECONOMIC CONDITIONS ECONOMIC DECLINE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC GROWTH PERFORMANCE ECONOMIC PERFORMANCE ECONOMIC POWER ECONOMIC REFORMS ECONOMIC RENTS ECONOMIC] GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENTREPRENEURSHIP ETHNIC FRACTIONALIZATION EXPORTS FINANCIAL CAPITAL FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FREE ELECTIONS GDP GDP PER CAPITA GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSEHOLD CONSUMPTION HOUSING HUMAN CAPITAL INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTANGIBLE ASSETS LANDLOCKED COUNTRY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC REFORMS MARKET ECONOMIES MARKET ECONOMY NATURAL RESOURCES NEW ENTRANTS OIL OIL RESERVES PARLIAMENT POLICY RESEARCH POLITICAL CONDITIONS POLITICAL DETERMINANTS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTITUTIONS POLITICAL LEADERS POLITICAL PARTIES POLITICAL STABILITY POLITICAL SYSTEM PRIME MINISTER PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS REGULATORY QUALITY RELATIVE IMPORTANCE REVERSE CAUSATION RULE OF LAW SAFETY NET SECURE PROPERTY RIGHTS STATE ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL REFORM SUSTAINABLE GROWTH TERTIARY EDUCATION TRADE LIBERALIZATION TRADE UNIONS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION PROCESS WESTERN EUROPE Microdata Set
spellingShingle	ACCOUNTABILITY BANKING SECTOR BUDGET CONSTRAINTS BUSINESS ENVIRONMENT CAPITA GROWTH CAUSAL EFFECT CENTRALIZATION CITIZEN CITIZENS CIVIL SOCIETY CIVIL SOCIETY INSTITUTIONS CIVIL WAR COMPETITION POLICY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSOLIDATION CONTRACT ENFORCEMENT CORRUPTION COUNTRY CHARACTERISTICS DATA SOURCES DEPOSITS DEVELOPING COUNTRIES ECONOMIC CONDITIONS ECONOMIC DECLINE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC GROWTH PERFORMANCE ECONOMIC PERFORMANCE ECONOMIC POWER ECONOMIC REFORMS ECONOMIC RENTS ECONOMIC] GROWTH EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENTREPRENEURSHIP ETHNIC FRACTIONALIZATION EXPORTS FINANCIAL CAPITAL FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FREE ELECTIONS GDP GDP PER CAPITA GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATES HARD BUDGET CONSTRAINTS HOUSEHOLD CONSUMPTION HOUSING HUMAN CAPITAL INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INTANGIBLE ASSETS LANDLOCKED COUNTRY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC REFORMS MARKET ECONOMIES MARKET ECONOMY NATURAL RESOURCES NEW ENTRANTS OIL OIL RESERVES PARLIAMENT POLICY RESEARCH POLITICAL CONDITIONS POLITICAL DETERMINANTS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTITUTIONS POLITICAL LEADERS POLITICAL PARTIES POLITICAL STABILITY POLITICAL SYSTEM PRIME MINISTER PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS REGULATORY QUALITY RELATIVE IMPORTANCE REVERSE CAUSATION RULE OF LAW SAFETY NET SECURE PROPERTY RIGHTS STATE ENTERPRISES STATE-OWNED ENTERPRISES STRUCTURAL REFORM SUSTAINABLE GROWTH TERTIARY EDUCATION TRADE LIBERALIZATION TRADE UNIONS TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITION PROCESS WESTERN EUROPE Microdata Set Beck, Thorsten Laeven, Luc Institution Building and Growth in Transition Economies
geographic_facet	Europe and Central Asia
relation	Policy Research Working Paper; No. 3657
description	Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition.
format	Publications & Research :: Policy Research Working Paper
author	Beck, Thorsten Laeven, Luc
author_facet	Beck, Thorsten Laeven, Luc
author_sort	Beck, Thorsten
title	Institution Building and Growth in Transition Economies
title_short	Institution Building and Growth in Transition Economies
title_full	Institution Building and Growth in Transition Economies
title_fullStr	Institution Building and Growth in Transition Economies
title_full_unstemmed	Institution Building and Growth in Transition Economies
title_sort	institution building and growth in transition economies
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/07/6045505/institution-building-growth-transition-economies http://hdl.handle.net/10986/8203
_version_	1764407490933424128

Institution Building and Growth in Transition Economies

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