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Economic reforms and human development: evidence from transition economies

Citation

Carvalho, A and Nepal, R and Jamasb, T, Economic reforms and human development: evidence from transition economies, Applied Economics, 48, (14) pp. 1330-1347. ISSN 0003-6846 (2016) [Refereed Article]

Copyright Statement

Copyright 2015 Taylor & Francis

DOI: doi:10.1080/00036846.2015.1100251

Abstract

Do market-oriented economic reforms result in higher levels of human well-being? This article studies the impact of macro-level institutional and infrastructure reforms on the economic, educational and health dimensions of human well-being among 25 transition economies. We use panel data econometrics based on the LSDVC technique to analyse the effects of market-oriented reforms on the human development index (HDI), as a measure of human well-being, from 1992 to 2007. The results show the complexity of reform impacts in transition countries. They show that institutional and economic reforms led to positive economic effect and significant impacts on other dimensions of human development. We find some positive economic impacts from infrastructure sectors reforms. However, not every reform measure appears to generate positive impacts. Large-scale privatizations show negative effects in health and economic outcomes. The overall results show the importance of the interaction among different reform measures and the combined effect of these on human development.

Item Details

Item Type:Refereed Article
Keywords:unbundling, ownership, quality, regulation
Research Division:Economics
Research Group:Applied economics
Research Field:Industry economics and industrial organisation
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industrial organisations
UTAS Author:Nepal, R (Dr Rabindra Nepal)
ID Code:129879
Year Published:2016
Web of Science® Times Cited:6
Deposited By:TSBE
Deposited On:2018-12-20
Last Modified:2019-01-08
Downloads:0

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