Services policy reform and economic growth in transition economies, 1990-2004 / Felix Eschenbach, Bernard Hoekman.

Format:

Book

Government document

Author/Creator:

Eschenbach, Felix.

Contributor:

World Bank.

Hoekman, Bernard M., 1959-

Series:

Policy research working papers ; 3663.

World Bank e-Library.

Policy research working paper ; 3663

Language:

English

Subjects (All):

Investments, Foreign--Europe, Eastern.

Investments, Foreign.

Investments, Foreign--Former Soviet republics.

Municipal services--Europe, Eastern.

Municipal services.

Municipal services--Former Soviet republics.

Post-communism--Economic aspects--Europe, Eastern.

Post-communism.

Post-communism--Economic aspects--Former Soviet republics.

Other Title:

Policy research working paper vol. 3663

Place of Publication:

[Washington, D.C. : World Bank, 2005]

System Details:

data file

Summary:

"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.

Notes:

Title from PDF file as viewed on 8/18/2005.

Includes bibliographical references.

Publisher Number:

10.1596/1813-9450-3663