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This contribution is one of the lead articles to the forthcoming Handbook of Political, Social, and Economic Transformation. It discusses the main contributions from the New Institutional Economics to transformation research but also identifies a number of research gaps
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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 …
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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 …
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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 …
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