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Author
Petrarca Ilaria (University of Verona, Italy), Ricciuti Roberto (University of Verona, Italy)
Title
Synthetic 'Real Socialism': a Counterfactual Analysis of Political and Economic Liberalizations
Source
Economics and Business Review, 2015, vol. 1 (15), nr 1, s. 69-88, rys., tab., bibliogr. 33 poz.
Keyword
Wolność gospodarcza, Rozwój gospodarczy, Socjalizm, Otwartość gospodarcza
Economic freedom, Economic development, Socialism, Economic openness
Note
summ.
Country
Europa Wschodnia
Eastern Europe
Abstract
We evaluate the effect of the 1989 shock over economic development in four Eastern European countries. We apply a counterfactual approach and define the shock alternatively as the trigger for economic openness, political competition, or both. The main result is an effect of economic freedom larger than the one of democratization. In Poland and Bulgaria we find a positive impact of economic freedom, whilst in Bulgaria there is also a smaller effect of democratization. In Albania, after an initial recession, economic freedom helps recovery. Finally Romania does not show any robust effect.(original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
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Bibliography
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ISSN
2392-1641
Language
eng
URI / DOI
http://dx.doi.org/10.18559/ebr.2015.1.6
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