There is a consensus among scholars that institutions (i.e. norms and regulations) are country specific. The paper aims … to contribute to the debate by examining the type of institutions which have been the most important for growth in … transition countries. It employs a new set of the institutional variables published by the World Bank against the commonly used …

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 … performance in transition countries than institutionsper se. This suggests that macroeconomic stabilization and peace should be …

The paper deals with transformation of institutions and the new paradigm in economics, evolutionary economic theory …. First mainstream approaches to explain transformation (here called "transition") are criticised, then the conception of …

alternative institutions on economic behavior; Libecap said that "the new institutional economics retains its general attachment … rests: formal and informal institutions, property rights, and transaction costs. Then I develop the interaction thesis and …