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|dc.identifier.citation||Economics and Finance Working Paper, Brunel University, 11-05||en_US|
|dc.description.abstract||In this paper we investigate the effects of economic crises on the subsequent economic performance, economic liberalization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises in the early 1990s. We find that the severity of the crisis has a positive impact on the subsequent pace of economic reform and economic growth. The effect on institution change is more complicated: the crisis appears to cause an initial worsening of institutions followed by a subsequent improvement later on.||en_US|
|dc.title||How I learned to stop worrying and love the crisis||en_US|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
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