of capital (extensive growth). We infer that advances in education at all levels, good governance, and institutional … marred by various problems related to weak governance in the public and private spheres. …

governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia …

at all levels, good governance, and institutional reforms have played a more significant role in raising economic output … and efficiency in Estonia than in Georgia which remains marred by various problems related to weak governance in the …

economic growth. To this end, we compare the development of some key determinants of growth in the two countries since the 1990 …s. A simple growth accounting model suggests that advances in education at all levels, good governance, and …, which remains marred by problems related to weak governance as well as autocratic rule. Further, as in Estonia and Latvia …

of capital (extensive growth). We infer that advances in education at all levels, good governance, and institutional … remains marred by various problems related to weak governance in the public and private spheres …

education, governance and institutions. We ask whether the EU perspective and NATO membership played a role. We discuss the … democracy and longer experience of democracy, lower levels of corruption, better governance, and freer press; (d) Poland … financial development. Furthermore, Poland built market-friendly institutions to EU specifications and joined NATO. Against all …