In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...

In this paper we wish to suggest that: "obsession" with competitiveness and trade openness, together with "hands off" type of economic policy, may hardly lead a country towards "real income" convergence on her long-run development path. Moreover, such an obsession may have deflationary impact...