Implementation of Pro-Market and Education Reforms and Long-Term Economic Growth

The graduation thesis paper given is devoted to the analysis on how the duration of economic growth periods, called "growth spells", in different countries is determined by policy of persistent political institutions. Under the policy we understand the implementation of two types of reforms: education reform and pro-market reform. In this work we analyse and collect data on these reforms. Besides the analysis of the dependent variable of long-term economic growth, the conditions of education and pro-market reforms implementation are analysed separately. This paper relates to a row of empirical papers: using data on 182 countries worldwide we first define multiple structural breaks (upbreaks and downbreaks) of real GDP time series of these countries. Observations of growth spell periods duration are needed to evaluate the regression model of economic growth duration dependence on conditions of reforms implementation, which include factors of inequality in the society and factors of political regimes.