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Does reform work?: an aconometric examination of the reform-growth puzzle
Babetskii, Ian ; Campos, Nauro F.
This paper, using data from 43 econometric studies, shows that one third of the coefficients (of reform on growth) are positive and significant, another third are negative and significant, and the final third are not statistically significant. In trying to understand this remarkable variation, writers find that the measurement of reform and controlling for institutions and initial conditions are the main factors in decreasing the probability of reporting a significant and positive effect of reform on growth.
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EU enlargement and endogeneity of some OCA criteria: evidence from the CEECs
Babetskii, Ian
There are two opposite points of view on the link between economic integration and business cycle synchronization - "The European Commission View" and "The Krugman View". According to the European Commission, closer integration leads to less frequent asymmetric shocks and to more synchronized business cycles between countries. On the other hand, for Krugman closer integration implies higher specialization and, thus, higher risks of idiosyncratic shocks. Drawing on the evidence from a group of transition countries which have experienced a notable increase in trade openness and economic integration with the European Union during the past decade, this paper tries to determine whose argument is supported by the data.
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Funguje reforma?
Babetskii, Ian ; Campos, N. F.
A large econometric literature evaluates the effects of reform on economic performance. This paper tries to assess these efforts focusing on the experience of the transition economies.
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