Circumstance and Choice: The Role of Initial Conditions and Policies in Transition Economies
综合评估了28个转型经济体中初始条件、政治变革、改革与经济绩效的相互作用，发现初始条件主导通货膨胀差异，而经济自由化是增长差异的最重要因素，政治改革则决定经济自由化的速度与全面性。
This article takes an integrated approach to evaluating the interaction of initial conditions, political change, reforms and economic performance in a unified framework covering 28 transition economies in East Asia, Central and Eastern Europe, and the fsu. Initial conditions and economic policy jointly determine the large differences in economic performance among transition economies. Initial conditions dominate in explaining inflation, but economic liberalization is the most important factor determining differences in growth. Political reform emerges as the most important determinant of the speed and comprehensiveness of economic liberalization, raising the important question of what determines political liberalization. Results suggest the importance of the level of development in determining the decision to expand political freedoms