Services Policy Reform and Economic Growth in Transition Economies, 1990-2004
By Felix Eschenbach, Bernard M. Hoekman. 2005
145 citations recorded by the source corpus.
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
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/015e2cf780fe496b67f3f740972e81d8b69e4be2
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Citations in the corpus
- Cross sectoral FDI spillovers and their impact on manufacturing productivity (2018, background): “Despite the broad consensus that the growth of services is crucial for economic growth and the development of other sectors (Francois, 1990; Eschenbach and Hoekman, 2006), little emphasis has been put on foreign firms in services.”
- Foreign direct investment in services and manufacturing productivity growth: evidence for Chile (2008, background): “(2006) and Eschenbach and Hoekman (2006) show that countries with liberalized service sectors grow faster, once all standard growth correlates are controlled for.”
- Macro-level determinants of formal entrepreneurship versus informal entrepreneurship (2014, background): “Therefore, governments around the world have been making considerable efforts to improve their regulatory environment in order to boost economic performance (Bishop and Thompson, 1992; Eschenbach and Hoekman, 2006; Lo, 2009; etc.).”