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Economic growth and the speed of ref...

Heybey, Berta Maria.

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Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union./
Author:	Heybey, Berta Maria.
Description:	213 p.
Notes:	Chair: Peter Murrell.
Contained By:	Dissertation Abstracts International60-04A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9926740
ISBN:	0599265116

Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union.
Heybey, Berta Maria.

Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union. - 213 p.

Chair: Peter Murrell.

Thesis (Ph.D.)--University of Maryland College Park, 1999.

What is the relationship between economic growth and the speed of reform in the transition from a centrally planned to a market economy? Existing empirical work on Eastern Europe and the former Soviet Union (EEFSU) contains several conceptual flaws, undermining the results achieved. I obtain different conclusions from those in the literature, in part by recognizing the simultaneous nature of the links between growth and the speed of reform. The results demonstrate that a thriving economy provides an environment conducive to faster reforms. Developing and estimating econometric models comparing the Chinese dual-track system with policies in EEFSU extends the analysis of this relationship, finding that the dual-track system is a positive factor in economic performance during transition.

ISBN: 0599265116Subjects--Topical Terms:

1017424
Economics, General.

Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union.
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020 $a 0599265116
035 $a (UnM)AAI9926740
035 $a AAI9926740
040 $a UnM $c UnM
100 1 $a Heybey, Berta Maria. $3 1257937
245 1 0 $a Economic growth and the speed of reform: An empirical analysis of the transition experience in China, Eastern Europe and the former Soviet Union.
300 $a 213 p.
500 $a Chair: Peter Murrell.
500 $a Source: Dissertation Abstracts International, Volume: 60-04, Section: A, page: 1239.
502 $a Thesis (Ph.D.)--University of Maryland College Park, 1999.
520 $a What is the relationship between economic growth and the speed of reform in the transition from a centrally planned to a market economy? Existing empirical work on Eastern Europe and the former Soviet Union (EEFSU) contains several conceptual flaws, undermining the results achieved. I obtain different conclusions from those in the literature, in part by recognizing the simultaneous nature of the links between growth and the speed of reform. The results demonstrate that a thriving economy provides an environment conducive to faster reforms. Developing and estimating econometric models comparing the Chinese dual-track system with policies in EEFSU extends the analysis of this relationship, finding that the dual-track system is a positive factor in economic performance during transition.
520 $a Analysis of both cross-sectional and panel data leads to two main conclusions. First, the findings show that initial conditions significantly affect both growth and the speed of liberalization in the early years of reform. However, with minor exceptions, their influence fades considerably after the first two years of reform. These results imply that differing initial conditions, while having an impact on the initial results of reform, cannot explain the divergent results across countries further along in the reform process.
520 $a Second, previous work ignores the endogenous nature of the relationship between growth and the speed of reform by assuming that the speed of liberalization affects growth rates, without recognizing the converse possibility. My empirical work reveals that the relationship between growth and the speed of liberalization is not unidirectional.
520 $a The second half of the dissertation provides a comparative econometric analysis of the Chinese and European transition processes. Theory suggests that the dual-track system, where the state plan and newly developing market economy co-exist, has been an important factor in allowing China to avoid economic collapse, a hypothesis that has not been tested in existing empirical work. The empirical work in this dissertation confirms that the dual-track system increases growth relative to a system in which the planning mechanism is abolished, with two channels promoting growth: the increasing liberalization of the market segment of the economy, and the stabilizing force of the plan.
590 $a School code: 0117.
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, History. $3 1017418
650 4 $a Political Science, General. $3 1017391
650 4 $a Sociology, Social Structure and Development. $3 1017425
690 $a 0501
690 $a 0509
690 $a 0615
690 $a 0700
710 2 0 $a University of Maryland College Park. $3 1249734
773 0 $t Dissertation Abstracts International $g 60-04A.
790 $a 0117
790 1 0 $a Murrell, Peter, $e advisor
791 $a Ph.D.
792 $a 1999
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9926740