institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored … institutional construction. Transition countries built institutions speedily but with marked variation across countries. Legal … events influenced intellectual developments, institutions were at the center of analysis. Growth is strongly related to …

This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in … transition economies during 1991–98. The paper’s main finding is that the development of an institutional framework has indeed a …-based economic reforms remain the key determinants of growth in transition economies …

developed over many decades. The problem of an economy in transition is an important issue in the modern reality of many … of transformation. As a result of this transition, a fundamental necessary transformation of the foundation of this …