There are two strands in the empirical literature on economic growth in transition economies. One focuses on the impact of reforms, while the other emphasizes sustainability issues and the growth prospects these economies face. The most common strategy, in the latter, has been to use...

There are two strands in the empirical literature on economic growth in transition economies. One focuses on the impact of reforms, while the other emphasizes sustainability issues and the growth prospects these economies face. The most common strategy, in the latter, has been to use...

This paper presents the detailed analysis of real economic convergence in 27 former socialist countries. We focus on two concepts of convergence: absolute (unconditional) à3B2 convergence and à3C3 convergence. The period analysed is 1990-2005. In the paper we embark on a very wide empirical...