The objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism,...

The objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism,...

A tanulmány azt vizsgálja, hogy volt-e valami különös a termelés-felhasználás és az árak alakulásában 1995 márciusa után. Miért ugrott meg az infláció 1995-ben, miközben a termelés növekedése lelassult, és a belföldi kereslet visszaesett? Vajon a növekedés további...

Mintegy 30 hónap telt el a magyar gazdaságtörténet egyik legmarkánsabb kormányzati intézkedéscsomagjának, az ún. Bokros-programnak a bevezetése óta. A kormányzat vezető tisztviselői, valamint kiemelkedő magyar és külföldi szakemberek a programot szükségesnek,...

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...

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...

The North Korean economy has been a statistical black hole for decades but is undergoing substantial transformations. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea’s during the next three decades, during which trend...

Growth empirics with institutional measures is performed for 25 transition countries over the period 1990-95. Estimation results suggest that (particularly state) institutions are significant for growth and, especially, foreign direct investment (FDI), the latter in turn being important for the...

The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the...