This paper analyses potential internal and external determinants of institutional change as measured by the World Bank Governance Indicators (WBGI) based on a panel of 25 transition countries for the period from 1996 to 2005. We show that natural resources and capital inflows exert an...

Two rounds of EU eastern enlargement will pose difficult economic and political adjustment problems. Based on recent analysis one also finds many opportunities for both the EU-15 and the accession countries which, however, face the negative spillovers from the Russian transition crisis. The...

In this paper, the evolution of income inequality in five Central and Eastern European (CEE) post-socialist countries, members of the European Union (EU) - the Czech Republic, Hungary, Poland, Slovakia, and Slovenia - are examined. The similarities of political and economic changes in these...