The paper includes: (i) a descriptive account of what has actually happened in the Baltic States in regard to agricultural sector reforms; (ii) an analysis of the institutions, policies, laws and regulations underlying the process of privatizing farming and land ownership; (iii) the interaction...

The primary emphasis of Lithuania’s economic transition policy has been placed on the restructuring of ownership relations. Lithuania chose one of the most ambitious methods of privatisation compared to other countries in Central and Eastern Europe, privatising two- thirds of state property....

The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involves fundamental shifts in the allocation of resources and deep changes in the structure of production and employment. This paper uses a simple model of economic...

This paper describes the current state of restructuring in the electricity industry in Ukraine, arguing that the aim of any restructuring must be to increase efficiency, whether managerial, economic or technical. In the case of the Ukrainian power industry there is scope for all three. The...

Wide differences between effective or realised average tax rates and tax yields that would result if statutory tax rates were strictly applied indicate tax compliance and collection problems. Due to the greater politicisation of tax systems in transition economies (TEs), we would expect the...

In this paper, we provide empirical evidence on the impact of institutional investors on stock market returns dynamics in Poland. The Polish pension system reform in 1999 and the associated increase in institutional ownership due to the investment activities of pension funds are used as an...

Comprehensive firm-level data for Polish manufacturing show that in state- owned firms the large drop in net employment since the start of the transition in 1990 has been driven by a jump in the job destruction rate; job creation, by contrast, is located disproportionately in the private sector....

This paper examines the development and implementation of computable general equilibrium (CGE) models and examines their application to economies undergoing transition. The generalised development of a CGE model is presented in terms of the series of 'building blocks' which comprise a typical...

In order to address the question "How far is Eastern Europe from Brussels?" this paper examines specific policy areas of concern to the EU (e.g. those related to the implementation of the single market). Furthermore, it is argued that a country-by-country and issue-by-issue approach is required...

The paper proposes a systematic approach to the question of choosing new framework conditions for ESIs in transition economies. The likely impact of ownership, structure and regulation on six chosen assessment criteria is analysed in a simple matrix model illustrating objective trade-offs. When...