Havrylyshyn and van Rooden (2003) conclude that "achieving macro-economic stabilisation and implementing broad-based economic reforms remain the key determinants of growth in transition economies". How do they capture stabilisation and economic reforms in their empirical work?

Question

BlackTom AI · Accepted Answer

Question restated: Havrylyshyn and van Rooden (2003) conclude that 'achieving macro-economic stabilisation and implementing broad-based economic reforms remain the key determinants of growth in transition economies'. How do they capture stabilisation and economic reforms in their empirical work?

Option a: They use data from different sources including the EBRD transition indicators and national statistics. This option is partly plausible because empirical work often relies on multiple sources, including national statistics; however, the key emphasis in their work is specifically on established transition indicators from major institutions. The wording here is broad and not as precise as the source material, which points to a more targeted set of indicators rather than a wide mix of national stats alone.

Option b: They use transition indicators from the World Bank and the EBRD. This aligns with common practice in studies of transition economies, where researchers rely on standardized transition indicators compiled by major international agencies to measure progress in stabilisation and reforms. The World Bank and the EBRD are the typical sources referenced in empirical assessments of transition dynamics, making this option a strong, precise match to the described empirical approach.

Option c: They constructed their own indicators. While some authors do create bespoke indices for specific analyses, the cited conclusion is usually supported by established transition indicators rather than entirely new, self-constructed metrics. This makes option c less likely given the emphasis on well-known transition metrics in the literature on transition economies.

Option d: They use data from difference sources including the Heritage Foundation, Freedom House and the World Bank. This combination is less standard for directly capturing macroeconomic stabilisation and broad-based reforms in transition economies. Heritage Foundation and Freedom House focus more on political rights, civil liberties, and governance quality, which are only indirectly related to macroeconomic stabilization and reforms, whereas the core empirical work on transition indicators typically centers on World Bank and EBRD metrics.

In summary, option b most precisely reflects the empirical approach described, with stabilization and reform captured through established transition indicators from the World Bank and the EBRD, while the other options either broaden the data sources beyond the standard indicators, suggest self-constructed measures, or mix in sources that are less directly tied to macroeconomic stabilization and reforms.

Havrylyshyn and van Rooden (2003) conclude that "achieving macro-economic stabilisation and implementing broad-based economic reforms remain the key determinants of growth in transition economies". How do they capture stabilisation and economic reforms in their empirical work?

查看解析

登录即可查看完整答案

类似问题

Which of following is NOT broadly considered as one of the three fundamental processes of Chinese economic reforms since late 1970s?

The mainstream of development economists has collectively summarised three secrets behind tremendous success of China’s economic and opening-up reforms since 1978, including marketisation, de-centralisation and globalisation. Which following specific reform is least related to ‘globalisation’?

Which of the following best characterizes China's approach to economic reforms that began in the late 1970s?

Which factor most significantly accounts for the contrasting outcomes of market liberalization between post-Soviet Russia and post-Mao China?

Which of the following is NOT included in the reform package of the 1990s?

位置8的问题 Which of the following is NOT included in the reform package of the 1990s?Which of the following is NOT included in the reform package of the 1990s?SOE layoffDual-track price systemBanking independenceFiscal centralization

位置4的问题 Which of the following reforms was widely adopted in the 1980s?Which of the following reforms was widely adopted in the 1980s?Dual-track price systemSOE layoffFiscal centralizationBanking independence

In a consumer society, many adults channel creativity into buying things

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单