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Full-Text Articles in Social and Behavioral Sciences
Helping Infant Economies Grow: Foundations Of Trade Policies For Developing Countries, Joseph Stiglitz, Bruce Greenwald
Helping Infant Economies Grow: Foundations Of Trade Policies For Developing Countries, Joseph Stiglitz, Bruce Greenwald
Joseph Stiglitz
No abstract provided.
Growth, Initial Conditions, Law Andspeed Of Privatization In Transition Countries: 11 Years Later, Joseph Stiglitz, Sergio Godoy
Growth, Initial Conditions, Law Andspeed Of Privatization In Transition Countries: 11 Years Later, Joseph Stiglitz, Sergio Godoy
Joseph Stiglitz
This paper examines alternative hypotheses concerning the determinants of success in the transition from Communism to the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more important in explaining the growth of the transition countries in the years since the end of the Cold War. In the mid 90s a large empirical literature attempted to relate growth to policy measures. A standard conclusion of this literature was the faster countries privatized and liberalized, the better. We now have more data, so we can check whether these conclusions are still valid six years …