This paper presents an empirical analysis of the economic growth paths in two groups of countries. The first group consists of ten Central and Eastern European (CEE) countries. The second group constitutes a benchmark and encompasses 29 emerging economies in other regions of the world. Our...

This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main...

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...

Shleifer and Treisman (2005) argue that Russia is a quot;normal country.quot; Their benchmark for normalcy, however, refers primarily to middle-income countries like Mexico and Argentina. We propose that a more meaningful benchmark is the experience of other post-socialist transition countries,...