How I learned to stop worrying and love the crisis
Jan Fidrmuc
(1)
,
Ariane Tichit
(2)
Ariane Tichit
- Fonction : Auteur
- PersonId : 748198
- IdHAL : ariane-tichit
- ORCID : 0000-0001-5453-7901
- IdRef : 080595510
Résumé
We investigate the effects of economic crises on the subsequent economic, performance, economic reform, democratization and institutional change. Our analysis is based on a sample of postcommunist countries, most of which experienced severe economic, crises during the 1990s. We find that the severity of crisis has a positive impact on the subsequent pace of economic reform, economic growth and, with a delay, on investment and institutional change. Episodes of high inflation, moreover, translate into lower subsequent inflation. Crises thus serve as catalysts of reform and institutional change and lead to better long-term economic performance.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
How I learned to stop worrying and love the crisis
|
Résumé |
en
We investigate the effects of economic crises on the subsequent economic, performance, economic reform, democratization and institutional change. Our analysis is based on a sample of postcommunist countries, most of which experienced severe economic, crises during the 1990s. We find that the severity of crisis has a positive impact on the subsequent pace of economic reform, economic growth and, with a delay, on investment and institutional change. Episodes of high inflation, moreover, translate into lower subsequent inflation. Crises thus serve as catalysts of reform and institutional change and lead to better long-term economic performance.
|
Auteur(s) |
Jan Fidrmuc
1
, Ariane Tichit
2
1
CESifo -
CESifo
( 242007 )
- Allemagne
2
CERDI -
Centre d'Études et de Recherches sur le Développement International
( 945 )
- 65 boulevard François Mitterrand, 63009 Clermont-Ferrand
- France
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Français
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2013
|
Volume |
37
|
Page/Identifiant |
542-554
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Référence interne |
|
Mots-clés |
pt
cerdi
|
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