Estrin, Saul; Lazarova, Stepana; Urga, Giovanni - In: Economic Change and Restructuring 34 (2001) 3, pp. 215-230
Our data on investment in Central and Eastern European economies reveal that, though investment rates were typically high in the 1970s, the marginal efficiency of investment was low. Investment shares begun to decline in the 1980s, before the collapse of the communist system, but there was some...
