Ekonomisk policy och tillväxt i en transitionskontext
en studie av realsocialistiska länder
Ekonomisk tillväxtTransitionRealsocialismEkonomisk policyEconomicsEconometricsEconomic theoryEconomic systemsEconomic policyNationalekonomiEkonometriEkonomisk teoriEkonomiska systemEkonomisk politikBusiness and Economics
Abstract During the last 15 years, the former ?really existing socialist? economies have undertaken an extensive transition process. In this paper the development, measured as GDP growth, is analyzed using variables for economic policy. The analysis is both theoretical, taking as starting point current positions in academia, and econometrical with the linear regression model. We show that while economic policy variables of inflation, economic freedom and institutional quality affect economic growth, the results are not only the ones predicted by the theory. Furthermore, we discuss the specific transitional context that the ?really existing socialist? economies represent. Finally, we discuss the potential policy implications of the paper; the importance of the sub discipline transition economics to economics; and feasible roads to further research.