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Political institutions and economic reforms in Eastern Europe and Asia: A snowball effect

Political institutions and economic reforms in Eastern Europe and Asia: A snowball effect
Political institutions and economic reforms in Eastern Europe and Asia: A snowball effect
The purpose of this paper is to analyze the elements that can lead to a snowball effect during the process of transition. We develop a political economy model showing that when rulers of a country in one region opt for resigning and moving over to democratic rule, the other countries in the region are influenced to do the same. In other words, the decision of one country influences the type of equilibrium chosen by other countries in the region.
A snowball effect is thus produced that reinforces the path to privatization. Our analysis defines parameters in the technology of political repression of one country that may be affected by decisions in neighboring countries. Regional political spillovers affecting these parameters are conducive to snowball effects.
communism, repression, privatization, snowball effect
0939-3625
289-311
Brezis, Elise S.
70ae5056-1943-46fd-a7da-07f948bcf3de
Verdier, Thierry
87c483ea-f473-408f-9776-d0381cab6454
Brezis, Elise S.
70ae5056-1943-46fd-a7da-07f948bcf3de
Verdier, Thierry
87c483ea-f473-408f-9776-d0381cab6454

Brezis, Elise S. and Verdier, Thierry (2003) Political institutions and economic reforms in Eastern Europe and Asia: A snowball effect. Economic Systems, 27 (3), 289-311. (doi:10.1016/j.ecosys.2003.03.002).

Record type: Article

Abstract

The purpose of this paper is to analyze the elements that can lead to a snowball effect during the process of transition. We develop a political economy model showing that when rulers of a country in one region opt for resigning and moving over to democratic rule, the other countries in the region are influenced to do the same. In other words, the decision of one country influences the type of equilibrium chosen by other countries in the region.
A snowball effect is thus produced that reinforces the path to privatization. Our analysis defines parameters in the technology of political repression of one country that may be affected by decisions in neighboring countries. Regional political spillovers affecting these parameters are conducive to snowball effects.

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More information

Published date: 2003
Keywords: communism, repression, privatization, snowball effect

Identifiers

Local EPrints ID: 39683
URI: https://eprints.soton.ac.uk/id/eprint/39683
ISSN: 0939-3625
PURE UUID: af1569f6-4041-4a98-8717-9a1b24b44a85

Catalogue record

Date deposited: 29 Jun 2006
Last modified: 15 Jul 2019 19:00

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