Fossil fuels abundance and institutional changes in the post-socialist countries
Fossil fuels abundance and institutional changes in the post-socialist countries

Summary/Abstract: The aim of the research was to indicate whether fossil fuels abundance had a negative effect on political and economic changes in the post-socialist countries in the years 1991—2015. The research covered 28 countries of Central-Eastern Europe and the former Soviet Union. Data were collected from the Freedom House (FH) and the European Bank for Reconstruction and Development (EBRD) databases, as well as the BP database. The results of conducted study showed that the abundance of fossil fuels resources did not have a decisive influence on the process of market economy creation and democratisation of the post-socialist countries of Central-Eastern Europe and the former Soviet Union.

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