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The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000-04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …
Persistent link: https://www.econbiz.de/10013139273
The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000–04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …
Persistent link: https://www.econbiz.de/10003996802
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012183996
How did post-communist transformations affect people’s perceptions of their economic and political systems? We model a pseudo-panel with 89 country-year clusters, based on 13 countries observed between 1991 and 2004, to identify the macro and institutional drivers of the public opinion. Our...
Persistent link: https://www.econbiz.de/10014180258
The transitional economies of the Former Soviet Union (FSU) have enjoyed an extraordinary period of growth and poverty reduction between 2000 and 2007 and this occurred in concomitance with significant increases in private and public transfers to households. The paper assesses the relative...
Persistent link: https://www.econbiz.de/10014043675
, the high savings rate and the emphasis on education, and (iii) the historical demographic opportunity (i.e. the population …
Persistent link: https://www.econbiz.de/10014049003
This paper addresses whether the initial declines in the manufacturing and real wages in transition economies were anything unexpected to justify policy reversal, and whether the “often-recommended” foreign aid would have helped them curb these declines in any significant way. It answers...
Persistent link: https://www.econbiz.de/10014198829
There are two strands in the empirical literature on economic growth in transition economies. One focuses on the impact of reforms, while the other emphasizes sustainability issues and the growth prospects these economies face. The most common strategy, in the latter, has been to use...
Persistent link: https://www.econbiz.de/10014199120
In recent years economists have come to see rich natural resource endowments as a "curse" or "precious bane" that inevitably undermines development and slows economic growth. Resource-based development undeniably involves important risks. Nonetheless, the resource curse - if it exists - is at...
Persistent link: https://www.econbiz.de/10014224524
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014159658