Naslov
The Speed of A Large-Scale Transformation of Political and Economic Institutions : Insights From (Post)-Transitional EU Countries

Autori
Šimić Banović, Ružica ; Basarac Sertić, Martina ; Vučković, Valentina

Izvornik
Hrvatska i komparativna javna uprava (1848-0357) 18 (2018), 4; 555-583

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
post-socialism, institutions, reforms, gradualism, shock therapy

Sažetak
Despite the predominant inclination towards a gradualist approach to reforms in the initial transition years, economic indicators have suggested the superior performance of the big bang reformers over the last decade(s). Still, the approach to (post)-transition processes should be multidimensional and should include more than the speed of transformation and key economic indicators. Therefore, quantitative analysis covers several aspects related to socio- economic change. The scores of the quality of democracy, market economy and management performance in post- socialist EU members indicate that in the last decade the countries that applied a shock therapy approach performed significantly better in all the aforementioned areas. This suggests that slow reformers lag behind in the development of democratic institutions and modern market economies, and presumably have insufficient capacities to rapidly catch up with fast reformers. Further research should scrutinise the institution building related aspects of large- scale transformation, the deep roots of development and distinctive circumstances, in particular.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA