Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment … real output and living standards during the transition may be a statistical artifact rather than a real phenomenon. …

stocks at the beginning of transition to market economy? What happened to human capital formation during the transition? We … both communism and transition. Finally, we identify key policy and political measures which have affected human capital … transition was characterized by poor levels of human capital due to an educational crisis in the last decade of communism (then …

-type industrialization. This decentralized industrialization is shown to be the ultimate driving force of the transition from plan to market …

structures in transition. We find especially government expenditures on subsidies to be negatively correlated with both … in the late 1990's and early 2000's the European integration process allowed several of the transition economies to aim …

. Energy intensity (defined as energy use per GDP) has decreased in the course of transition, but progress has been uneven and … most transition countries still use several times as much energy per unit of output as their Western peers. This paper …

This paper examines the performance of 515 banks in 16 transition economies for the years 1994-99 based on their public …