Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an econometric model of the interplay between economic reform measures, political decisions and economic performance. Several key hypotheses about transition are tested using two-stage...

Piotr Kozarzewski and Maciej Bałtowski analyse the causes and manifestations of Poland's recent shift in economic policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects of the privatization policy and point to a large...

None of the important indicators of the Russian economy has become of late ominously turbulent, and foreign investors have even increased their investments in Russian assets. However, there is little doubt that these investments are in the main speculative, and that turbulence can easily come...

Several countries in the post-Soviet world have completed the transition to a European-type market economy and have been admitted to the EU. For others - either partly or totally unsuccessful in transitioning - the question of whether or not this kind of market economy could be built is not even...

Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...

nstitutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years...

The article reviews some of the key macroeconomic policies undertaken by the Uzbek government between 1998 and 2004. It is argued that the government adopted intentionally a set of measures aimed at undermining individual, Small and Medium Enterprises (SMEs) perceived by the establishment as a...

This paper presents an account of Zimbabwe's economic development and policy environment for the period 1980-2006. It focuses on monetary and exchange rate policies and explores their influence on economic developments before and after the reform programme that was launched in 1991. A key...