Real and financial economic dynamics in Russia and Eastern Europe : with 63 tables

Russia and many other transition countries are now facing the challenges of opening up, restructuring, and modernizing their economies, which requires addressing numerous institutional weaknesses and supply-side distortions. From a regional perspective, drawing on the experience of other reforming countries, the papers examine these issues. Aspects addressed include the implications of trade and capital flows, the process of labor market reform, financial market development, productivitiy growth, and innovation dynamics. The dynamics of the reform process are also studied in the context of new political economy models. Contents: Lane, T., Oding, N., Welfens, P.: Introduction.- Lane, T., Lipschitz, L., Mourmouras, A.: Capital Flows to Transition Economies: Reasons, Risks, and Policy Responses.- Gavrilenkov, E.: Long Term Structural Change and Productivity Growth in Russia.- Jungmittag, A., Welfens, P.: Innovation, Growth and Wage Structure in Transforming Economies.- Wiegert, R.: Financial Sector and Human Capital in a Long-Term Growth Perspective: The Case of Russia.- Faber, C., Strohe, H.: Structure and Growth of Private Consumption in Russia and East Germany.- Oding, N.: Labor Market Transformation and Hidden Unemployment in Russia.- Addison, J.: Principles of Market-Oriented Labor Market Policies.- Zaostrovtsev, A.: Rent-Seeking and Rent-Setting: Government Versus Competition (The Case of St. Petersburg).- Bohn, F.: Powerful Groups and Corruption.- Grinberg, R., Vardomsky, L.: Regional Dimension of the Market Transformation in Russia.- Nosova, O.: Foreign Trade Policies in Transformational Russian and Ukrainian Economies.- Doehrn, R., v. Westernhagen, N.: The Role of Foreign Direct Investment in Transformation.