We explain economic growth by both politics, i.e. government activity including spending as well as regulation, and institutional quality and its interaction with politics. This extends previous work on institution building in transition by looking at its impact and, at the same time,...

Intro -- Contents -- Acronyms -- Tables -- Acknowledgments -- Introduction -- Part 1: An Institutional Approach to Eastern Europe's Transition -- 1. Party and State Institutions in Dual Transformations -- Part 2: Economic Reform in Communist Hungary, 1979−89 -- 2. Macroeconomic Stabilization...

This paper analyzes the process of power utility re-regulation in Eastern Europe and the CIS during the decade of systemic transformation (1990-1999); in particular, it explores reasons why early attempts to introduce competition-oriented reform models have not succeeded. We discuss advantages...

We examine the effect of natural resource abundance on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to institutional development, liberalization and...