A multi-product cost function is estimated using data on the UK higher education system. The results are used to provide information about average incremental costs, economies of scale and economies of scope in a wide variety of institutions. Implications of the analysis are discussed for the...

This paper aims to describe in detail the functioning of higher education institutions (IHEs) in Ukraine and to discuss some of the administrative and financial problems of higher education there. Problems in the education system naturally attract the attention of both experts and the public at...

This paper analyses the new 1996 Ukrainian constitution as a product of far-reaching compromise; in particular it looks at the resolution of the ‘national question’, the form of government and the issue of socio-economic guarantees. Constitutions are most often perceived as an instrument of...

This paper surveys the pre-conditions for privatisation in Estonia and the respective concepts of different governments. The paper will also identify the most important features of different legislation which have determined the path of privatisation in Estonia. The methods and results of...

The interaction between: (i) political constraints, in part based on notions of “nation building,” and independence; (ii) the development of a suitable legal and regulatory environment; and (iii) economic constraints such as a growing state budget deficit and a recent banking crisis, are the...

Russia is already a major trading partner of the West, especially the EU, exporting mostly energy sources (gas and oil), metal, minerals and timber, while importing a wider range of manufactured products. In the longer term, Russian manufacturing is likely to start recovering and hence Russia...

In this paper there is a investigation of Ukraine’s contradictory attitude to reform. This attitude has seen the country characterised by hesitancy on reforms which has stifled its economic performance in areas such as privatisation and competition policy. Most notably the presence of interest...

The paper is comprised of the following: (i) an analysis of the FDI impacts on the Romanian economy; (ii) a survey based on the replies to a questionnaire (on FDI in Romania) sent from CERT to British Companies; and (iii) a discussion of the causes determining the relatively low levels of FDI in...

This paper aims to evaluate the Latvian fiscal reform path, to clarify the main political and economic problems associated with the execution of fiscal reform, and to assess public opinion in the light of the policies introduced. The Latvian government’s main problem during the transition...

This paper reviews the state of the Ukrainian economy since independence and the extent of the role played by the reform process in the country’s transition to a market economy. It also offers an assessment of the future prospects for a successful transition of the economy to one based on...