Language:
English
Pages:
Online-Ressource
Edition:
Online-Ausg. World Bank E-Library Archive Also available in print
Series Statement:
Policy research working paper 3663
Parallel Title:
Eschenbach, Felix Services policy reform and economic growth in transition economies, 1990-2004
Keywords:
Investments, Foreign
;
Investments, Foreign
;
Municipal services
;
Municipal services
;
Post-communism Economic aspects
;
Post-communism Economic aspects
;
Investments, Foreign
;
Investments, Foreign
;
Municipal services
;
Municipal services
;
Post-communism Economic aspects
;
Post-communism Economic aspects
Abstract:
"Major changes have occurred in the structure of former centrally planned economies, including a sharp rise in the share of services in GDP, employment, and international transactions. However, large differences exist across transition economies with respect to services intensity and services policy reforms. The authors find that reforms in policies toward financial and infrastructure services, including telecommunications, power, and transport, are highly correlated with inward foreign direct investment. Controlling for regressors commonly used in the growth literature, they find that measures of services policy reform are statistically significant explanatory variables for the post-1990 economic performance of transition economies. These findings suggest services policies should be considered more generally in empirical analyses of economic growth "--World Bank web site
Note:
Includes bibliographical references
,
Title from PDF file as viewed on 8/18/2005
,
Also available in print.
URL:
Volltext
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