Transition Report 2013 Stuck in transition?

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Facts at a glance

2% projected growth of the transition region in 2013, the lowest rate in 15 years (with the exception of the 2009 recession).

IN 15 countries support for markets declined after the crisis.

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AROUND
2005
The year by which most transition countries had closed the productivity gap, compared to other countries at similar income levels.

1% estimated average boost to long-run annual growth of GDP per worker in non-EU transition countries resulting from institutional reform.

Convergence at risk

References

D. Acemoğlu and J. Robinson (2012)
“Why nations fail: the origins of power, prosperity, and poverty”, Crown Business.

D. Acemoğlu and S. Johnson (2005)
“Unbundling Institutions” Journal of Political Economy, Vol. 113, No 5, pp. 949-995.

T. Becker, D. Dăianu, Z. Darvas, V. Gligorov, M. Landesmann, P. Petrović,
J. Pisani-Ferry, D. Rosati, A. Sapir and B. Weder di Mauro (2010)

“Whither growth in central and eastern Europe? Policy lessons for an integrated Europe”, Bruegel Blueprint 11.

E. Berglӧf, J. Lehne and J. Zettelmeyer (2013)
“Is convergence over?” EBRD Working Paper, http://www.ebrd.com/pages/research/publications/workingpapers.shtml

N. Campos and F. Coricelli (2002)
“Growth in transition: what we know, what we don’t and what we should”,
Journal of Economic Literature, Vol. 40, No 3, pp. 793-836.

V. Chen, B. Cheng, G. Levanon, A. Özyıldırım and B. van Ark (2012)
“Projecting global growth”, The Conference Board Economics Working Papers, No. 12 – 02.

EBRD (2009)
Transition Report 2009: Transition in Crisis?, London.

EBRD (2010)
Transition Report 2010: Recovery and Reform, London.

EBRD (2011a)
Transition Report 2011: Crisis and Transition: The People’s Perspective, London.

EBRD (2011b)
Life in Transition Survey II. London.

E. Falcetti, T. Lysenko and P. Sanfey (2006)
“Reforms and growth in transition: re-examining the evidence”,
Journal of Comparative Economics,
Vol. 34, No 3, pp. 421-445.

P. Grosjean, F. Ricka and C. Senick (2011)
“Learning, political attitudes and the crisis in transition countries”, EBRD Working Paper No. 140.

J. Lee and K. Hong (2010)
“Economic growth in Asia: determinants and prospects”, ADB Economics Working Paper Series, No. 220.

D.C. North (1990)
“Institutions, institutional change, and economic performance”,
Cambridge University Press.

D.C. North and B.R. Weingast (1989)
“Constitution and commitment: the evolution of institutions governing public choice in seventeenth-century England”, The Journal of Economic History, Vol. 49, No. 4, pp. 803-832.

M. Olson (2000)
“Power and prosperity: outgrowing communist and capitalist dictatorships”,
Oxford University Press.

L. Pritchett (1996)
“Measuring outward orientation in developing countries: can it be done?”,
Journal of Development Economics, Vol. 49, No. 2, pp. 307-335.

World Bank (2012)
“Golden growth: restoring the lustre of the European economic model”, Washington, DC.

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