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

The Constitutional Political Economy Approach


Katarzyna Metelska-Szaniawska

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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Appendix 4. Unit weights and predictor balance for the synthetic control study


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Appendix 4.  Unit weights and predictor balance for the synthetic control study

Tables in this appendix accompany Figure 3. For each country we report:

a) the weights for the countries from the donor pool computed for the country’s synthetic counterfactual,

b) the predictor balance, i.e. for each predictor used for constructing the counterfactual (except lagged dependent variables, which we do not report for the sake of clarity): the pre-treatment average for the treated country and the pre-treatment average for the synthetic country (for explanation of variable names see Appendix 3),

c) the root mean squared prediction error (RMSPE).

Country name:  Albania

Country name:  Armenia

Country name:  Azerbaijan

Country name:  Belarus

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