01965cas a2200265 a 4500 AALejournalIMF008775 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860870 1018-5941 BD-DhAAL BD-DhAAL Elborgh-Woytek, Katrin. Who is Still Haunted by the Specter of Communism? : Explaining Relative Output Contractions Under Transition / Katrin Elborgh-Woytek, Julian Berengaut. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper analyzes the initial output decline in transition economies by estimating a crosssection model stressing two major factors-conflicts and the legacies of the Soviet period. We link the Soviet legacies in place at the outset of the transition to the subsequent path for the development of market-related institutions. Institutional development (as proxied by measures of corruption) is used as an intermediate variable. An instrumental variable approach is followed to derive estimates that are not biased by the possible endogeneity of corruption with respect to output developments. Assuming that the extent of Soviet legacies was positively correlated with the length of the communist rule allows us to use the years under the Soviet regime as an instrument. Mode of access: Internet Russian Federation imf Berengaut, Julian. IMF Working Papers; Working Paper ; No. 2005/068 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/068/001.2005.issue-068-en.xml IMF e-Library