| ID | 155102 |
| Title Proper | Post-communist Transition as a path break |
| Other Title Information | comparing legal institutional effects on economic growth between path-breaking and path-drifting institutional reforms |
| Language | ENG |
| Author | Tamilina, Larysa ; Tamilina, Natalya |
| Summary / Abstract (Note) | This article explains the peculiarities of institutional effects on growth rates in postcommunist countries. By proposing a certain dependence of the institution–growth nexus on the mode of institutional grafting, the distinction between drift-phase and path-breaking institutional change is introduced. Theoretical juxtapositions show that transition countries’ institutions built through path-breaking institutional reforms differ from those that emerge evolutionarily in the drift phase in a twofold manner in their relationship to growth. Growth rates of their economies are less likely to depend on the quality of legal institutions and are more likely to be a function of the maturity of political institutions. In addition, legal institutional change in the post-communist world is a product of the quality of the political environment to a greater extent than their drift-phase alternatives. These propositions are tested empirically based on a sample of 87 countries derived from the POLITY IV Project’s website. |
| `In' analytical Note | Margin Vol. 11, No.3; Aug 2017: p.315-347 |
| Journal Source | Margin 2017-09 11, 3 |
| Key Words | Institutional Change ; Post - Communist Transition ; Institutional Economics ; Formal Institutions |