The post-communist transition at 30

Djankov, Simeon ORCID: 0000-0002-0822-6456 and Jolevski, Filip (2020) The post-communist transition at 30. Financial Markets Group Discussion Papers (793). Financial Markets Group, The London School of Economics and Political Science, London, UK.

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Abstract

In the 30 years since the fall of communism, the countries of the former Soviet bloc and Yugoslavia have undergone tremendous change. Income per capita at purchasing power parity more than tripled in Albania, Bosnia and Herzegovina, Estonia, Latvia, Lithuania, Poland, and Slovakia. All seven economies outpaced such celebrated growth engines as Singapore and Korea at the same stage of their development. But in Tajikistan and Ukraine average income fell relative to 1989. In Moldova and the Kyrgyz Republic income growth was modest, below 20 percent cumulatively. We test three theories on this divergence in income growth. We find that Orthodox countries and countries with less democratic accountability grow less.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://www.fmg.ac.uk/
Additional Information:	© 2020 The Authors
Divisions:	Financial Markets Group
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
JEL classification:	P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P24 - National Income, Product, and Expenditure; Money; Inflation P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies
Date Deposited:	31 May 2023 08:18
Last Modified:	01 Nov 2024 04:10
URI:	http://eprints.lse.ac.uk/id/eprint/118920

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