Ukraine became independent in 1991 and formally abandoned central planning. But the development of market methods of input supply and product distribution was impeded by continuing price distortions and the survival of various methods of administrative commodity allocation from the central...

Since independence Ukraine has attracted very little foreign direct investment, both in absolute terms and relative to other transition economies. This is the case when we analyze the ratio of FDI to GDP and exports, and the amount of FDI per capita. This paper examines the causes of the low...

There are diverse ideas about governance around the world, and this paper studies them through the following questions: (a) what does the available evidence tell us about the political and institutional requirements for sustained economic growth? (b) What do we need from the state to secure...

This paper starts with some definitions and concepts to clarify what we have in mind when we talk about economic institutions and the political economy of transition. Much discussion of the area is characterised by ambiguity and confusion, and while there are many partial theories of...

This analysis of the determinants of private farmer access to rural finance in Romania has two distinct aspects: (i) a quantitative evaluation of some measurable variables for example factors affecting the amount of loans and the volume of savings; and (ii) a qualitative aspect, concentrating on...