The aim of this study is to assess current economic situation of 28 post-socialist countries in Europe and Asia undergoing systemic transformation towards an open market economy, their macroeconomic policies and the progress of structural reforms. We focus on the situation seen in 2009 and the...

This paper presents the detailed analysis of real economic convergence in 27 former socialist countries. We focus on two concepts of convergence: absolute (unconditional) à3B2 convergence and à3C3 convergence. The period analysed is 1990-2005. In the paper we embark on a very wide empirical...

This study aims to assess to what extent the institutional environment is responsible for worldwide differences in economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The analysis covers 153 countries and the period 1994-2009....

This paper analyses whether EU enlargement contributed to economic growth and real convergence in the ten new member countries from Central and Eastern. In this paper, we aim to check whether the EU enlargement contributed to economic growth of ten new member countries from Central and Eastern...

This paper analyzes the real economic convergence between the new EU entrants in Central and Eastern Europe (CEE-8) and the EU core (EU-12 or EU-15). It includes new estimates on the speed of income-level convergence and new findings about the conformity of cyclical changes. The results offer...

The aim of this paper is to conduct a growth accounting exercise for twentyseven transition economies in Central and Eastern Europe and the Commonwealth of Independent States. The analysis is divided into two parts. In part one we discuss the most salient features of these countries' growth...

The article compares forecast quality from two atheoretical models. Neither method assumed a priori causality and forecasts were generated without additional assumptions about regressors. Tendency survey data was used within the Bayesian averaging of classical estimates (BACE) framework and...