We aim to put comparative price developments of transition economies in an international perspective. We argue that estimating simple price-productivity relationships without the inclusion of other explanatory factors connected to reform effort might severely bias estimates for CEEC and CIS...

In spite of an hitherto unprecedented record of external liberalization in Central European economies contributions of exports to real growth have recently been rather unspectacular, especially when compared to the experience of OECD countries lacking a comparable degree of external...