Only recently, 20 years after transition to a market system, has Russia regained a similar production level it had … achieved on the eve of transition in 1991. This may sound surprising, given its low productivity under central planning which …

institutional change, values and beliefs in transition countries have not changed much over the last 20 years. Evidence suggests …. Current institutional evolutions in transition countries might be more affected by their long run past than by the communist …

The paper explores a phenomenon often observed in transition economies, when newly established institutions are misused … incidences institutions become sources of private gains and lose their value-creation role and capacity. We offer a typology of … institutional misuse (illustrated by examples from Russian transition), discuss its consequences, and explore reasons why …

Institutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes …

The paper tries to improve our understanding on the role of institutions in development by critically examining the … current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional …

current understanding of entrepreneurship are discussed with respect to institutions and economic development. …