The aim of this study is to clarify, whether and where the widespread opinion that systemic change from socialism to capitalism went along with dramatically rising inequality is true and how income distribution does affect the overall growth performance of transition countries. The countries...

This paper is a comment on "So What is Capital in the Twenty-First Century? Some Notes on Piketty's Book' by János Kornai, which can be found at 'http://ssrn.com/abstract=2788842' http://ssrn.com/abstract=2788842

The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...