Özet:

With the disintegration of the Soviet Union, many countries started to undergo significant changes in their historical development process. This milestone gave rise to a totally different order under which macroeconomic balances of the disintegrating countries transiting into free economy have significantly changed. From this viewpoint, what variables - and to what extent - affected the changes in economic growth in the transition economies under consideration becomes an important area of research. This study investigates growth trends of 13 different countries that achieved their independence with the collapse of the Soviet Union, and applies an empirical analysis to potential indicators that might have affected such growth trends. In the context of empirical analysis, VECM model is benefited, and therefore the linkages between economic growth rates and secondary schooling rate, structural reform index and political bans are analyzed. The results of this study set forth economic growth performance of each country was affected by the said variables in varying directions and at different rate. This indicates that each country did not benefit from the process of transition at the same efficiency level

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