transition from communist to market oriented economies. …

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …

Drawing on the recent literature on economic institutions and the origins of economic development, we offer a political … economy explanation of why institution building has varied so much across transition economies. We identify dependence on … building during transition. Using natural resource reliance and the years under socialism to extract the exogenous component of …

Russian population about the transition process and the role of the state compared to that of free markets. We find that about … one half of Russian population is disappointed with transition and a large majority is in favor of high state regulation …

This paper considers a simple model of economic transition to analyse the dynamics of preferences over economic policy … the early stages of the transition, the private sector expands at a rate that is lower than the rate at which the state … subsidy to the state sector, which has the effect of slowing down the transition. The analysis focuses on the dynamic …

East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became … well as local capacities. Third, the Kohl government's policy towards East German transition, driven by short …

China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … developing and transition economy that has great growth potential, it is not enough to study the conventional ‘best … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

theme of the new research is that institutions exert a profound influence on economic development. We argue that, to …

property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of … privatization, but does affect how economic hardships during transition shape these attitudes. …