hrcak mascot   Srce   HID

Prethodno priopćenje
https://doi.org/10.31297/hkju.18.4.3

The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries

Ružica Šimić Banović   ORCID icon orcid.org/0000-0001-6527-2726 ; Assistant Professor of the Department od Economics, Faculty of Law, University of Zagreb, Croatia
Martina Basarac Sertić ; Research Associate, Croatian Academy of Sciences and Arts, Economic Research Division, Croatia
Valentina Vučković ; Assistant Professor of the Faculty of Economics and Business, University of Zagreb, Croatia

Puni tekst: engleski, pdf (251 KB) str. 555-583 preuzimanja: 53* citiraj
APA 6th Edition
Šimić Banović, R., Basarac Sertić, M. i Vučković, V. (2018). The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries . Hrvatska i komparativna javna uprava, 18 (4), 555-583. https://doi.org/10.31297/hkju.18.4.3
MLA 8th Edition
Šimić Banović, Ružica, et al. "The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries ." Hrvatska i komparativna javna uprava, vol. 18, br. 4, 2018, str. 555-583. https://doi.org/10.31297/hkju.18.4.3. Citirano 18.07.2019.
Chicago 17th Edition
Šimić Banović, Ružica, Martina Basarac Sertić i Valentina Vučković. "The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries ." Hrvatska i komparativna javna uprava 18, br. 4 (2018): 555-583. https://doi.org/10.31297/hkju.18.4.3
Harvard
Šimić Banović, R., Basarac Sertić, M., i Vučković, V. (2018). 'The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries ', Hrvatska i komparativna javna uprava, 18(4), str. 555-583. https://doi.org/10.31297/hkju.18.4.3
Vancouver
Šimić Banović R, Basarac Sertić M, Vučković V. The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries . Hrvatska i komparativna javna uprava [Internet]. 2018 [pristupljeno 18.07.2019.];18(4):555-583. https://doi.org/10.31297/hkju.18.4.3
IEEE
R. Šimić Banović, M. Basarac Sertić i V. Vučković, "The Speed of Large-Scale Transformation of Political and Economic Institutions: Insights from (Post-)Transitional European Union Countries ", Hrvatska i komparativna javna uprava, vol.18, br. 4, str. 555-583, 2018. [Online]. https://doi.org/10.31297/hkju.18.4.3

Sažetak
This article compares the applicability of both the gradual and the shock therapy approach to reform implementation in large-scale change. Using quantitative data, it aims to provide more evidence for the lessons learned from post-socialist transformation. Hence it adds a theoretical and an empirical contribution to the body of literature on great transformations, focusing on their speed and the
acceptability of related policy solutions. Despite the predominant inclination towards the gradualist approach to reforms in the initial transition years, economic indicators suggest that the big
bang reformers have demonstrated a superior performance over the last (few) decade(s). Still, the approach to (post-)transition processes should be multidimensional and include more than the speed of transformation and key economic indicators. Therefore, a quantitative analysis covers several aspects of socioeconomic change. The analysis of the quality of democracy, market economy, and management performance in post-socialist EU member states indicates that over
the last decade the countries that applied the shock therapy approach have performed significantly better in all these areas. This suggests that slow reformers are lagging behind in the development of democratic institutions and a modern market economy, and presumably have insufficient capacities to rapidly catch up with fast reformers.
Further research on this topic should tackle the deep roots of socioeconomic development and path-dependent choices (reform speed included), proximity to Western countries, the possible effects of other specific circumstances (such as war), the importance of selected institutions on the performance of post-socialist non-EU member states, and other limitations.

Ključne riječi
post-socialism; institutions; reforms; gradualism; shock therapy

Hrčak ID: 214152

URI
https://hrcak.srce.hr/214152

Posjeta: 114 *