Economic Effects of Post-Socialist Constitutions 25 Years from the Outset of Transition

The Constitutional Political Economy Approach

Business & Finance, Economics, Comparative Economics, International Economics, Theory of Economics
Cover of the book Economic Effects of Post-Socialist Constitutions 25 Years from the Outset of Transition by Katarzyna Metelska-Szaniawska, Peter Lang
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Author: Katarzyna Metelska-Szaniawska ISBN: 9783653954937
Publisher: Peter Lang Publication: December 29, 2015
Imprint: Peter Lang GmbH, Internationaler Verlag der Wissenschaften Language: English
Author: Katarzyna Metelska-Szaniawska
ISBN: 9783653954937
Publisher: Peter Lang
Publication: December 29, 2015
Imprint: Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Language: English

This book focuses on the nexus between constitutions adopted by post-socialist countries of Europe and Asia after 1989 and economic transition in the region. It takes the perspective of Constitutional Political Economy and argues for the role of constitutions as commitment-enhancing mechanisms for political decision makers in the field of post-socialist economic reforms. For the first time in economic studies of constitutions this book employs the synthetic control method – a novel empirical approach allowing to account for endogeneity and causality issues. The blend of theory (including evolutionary insights) and empirical results allows to formulate recommendations for constitution drafters, emphasizing the role of factual constitutional court independence for successful economic reforms.

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This book focuses on the nexus between constitutions adopted by post-socialist countries of Europe and Asia after 1989 and economic transition in the region. It takes the perspective of Constitutional Political Economy and argues for the role of constitutions as commitment-enhancing mechanisms for political decision makers in the field of post-socialist economic reforms. For the first time in economic studies of constitutions this book employs the synthetic control method – a novel empirical approach allowing to account for endogeneity and causality issues. The blend of theory (including evolutionary insights) and empirical results allows to formulate recommendations for constitution drafters, emphasizing the role of factual constitutional court independence for successful economic reforms.

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