Analysis of factors of economic growth in countries with transitional economy

Detta är en Magister-uppsats från Lunds universitet/Nationalekonomiska institutionen

Författare: Hanna Bialova; [2009]

Nyckelord: transition; economic growth; transformation; factors; initial conditions; macroeconomic policy; structural reforms; social policy; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

Sammanfattning: The present master essay discusses the factors of economic growth in countries with economies in transition. We consider two time intervals: transitional recession (1989-1998) and transitional recovery and growth (1998-2008). There are four groups of factors affecting growth: initial conditions, macroeconomic policies, structural reforms and social policies. The work was conducted with the help of cross-sectional regression analysis. It was found that the main condition for the long-term growth is the establishment of sustainable market institutions by the realization of structural reforms.

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