infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important … indirect effects, or transition impacts. The model shows that, by reducing transaction costs, infrastructure intensifies … importance of these transition impacts of infrastructure depends on features of the economy, such as the degree of cost asymmetry …

socialist system. We also emphasise the diversity across the countries concerned. For the period of transition, itself …. The picture during transition, like that under socialism, is varied. Russia has experienced very sharp increases in … transition, a framework which would help interpretation of the evidence. …

the transition. The Czech Republic and Hungary have had some success moving into the production and export of more …

Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high … economics from transition economics. …