Demokratie und Marktwirtschaften vollzogen. Das unterlegene Wirtschaftssystem wurde durch ein leistungsfähigeres ersetzt und …

Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation … results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment … is more likely to be a (direct) causation. Only inflation and war seem to have beenrelatively more important for growth …

to contribute to the debate by examining the type of institutions which have been the most important for growth in … classical growth factors such as investment and export turn out to be more important for growth than institutions. …