This study is intended to assess the introduction of increased capitalization requirements in Ukrainian insurance firms. To do so, the paper employs up-to-date frontier efficiency analysis. The analysis suggests that an increase in size occurs not only because of the regulator’s requirements,...

In this paper we use the Kumar and Russell ["American Economic Review" (2002) Vol. 92, pp. 527-548] growth-accounting procedure to examine cross-country growth during the 1990s. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decompose the...