Work detail

The determinants of reform: The case of transition countries

Author: Mariam Davladze
Year: 2015 - summer
Leaders: prof. Roman Horváth Ph.D.
Consultants:
Work type: Masters
MEF
Language: English
Pages: 73
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/151885/
Abstract: The thesis estimates the reform determinants for 24 transition countries using spatial
econometrics by maximum likelihood estimation. In the thesis is included
determinants already used by other authors, as well as, two new variables – export
and foreign direct investments measures. Another distinctive characteristic is
inclusion of spatial endogenous and exogenous variables as explanatory variables
through the use of weights matrix - W. Obtained spatial interaction is positive and
high. For spatial coefficient rho value varies in the range 0.22 to 0.71 indicating on
significant spatial influence among entities. From spatial exogenous coefficients I
obtained significant democracy, inflation, export and FDI coefficients. I also find that
the initial effect of GDP growth, FDI and democracy are important determiners of
reforming process.

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