In the early 1990s considerable attention was given to the issues of stabilization, privatization, taxation and labour market adjustment in the Eastern Europe transition, but demographic and welfare issues received less attention. While the economic and social reforms undertaken were desirable...

In the early 1990s considerable attention was given to the issues of stabilization, privatization, taxation and labour market adjustment in the Eastern Europe transition, but demographic and welfare issues received less attention. While the economic and social reforms undertaken were desirable...

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 (FDI), the latter in turnbeing important for the...

This paper investigates the importance of institutions as a determinant of growth and foreign direct investment (FDI) in 25 transition countries for 1990-1998. It introduces some novel institutional measures, performs extensive sensitivity tests, and checks for reverse causation. Estimation...