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

  • Christopher J. Gerry
  • Jong-Kyu Lee
  • Tomasz M. Mickiewicz
Chapter
Part of the Studies in Economic Transition book series (SET)

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.

Keywords

Economic Growth Consumer Price Index Transition Economy Government Effectiveness Governance Indicator 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Christopher J. Gerry, Jong-Kyu Lee and Tomasz M. Mickiewicz 2010

Authors and Affiliations

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

There are no affiliations available

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