Investment has been found to be a significant determinant of growth. This paper analyses the effects of institutions and transition progress on investment rates of transition economies since the collapse of the Socialist Bloc. Political institution is measured by the Freedom House's Political...

This paper analyzes the effects of political and economic institutions on efficiency of transition economies over the 1995-2005 period. Perpetual Inventory Method is used to construct capital series for these countries, and then stochastic production frontier analysis is applied to estimate the...

This paper analyzes the effects of political and economic institutions on efficiency of transition economies over the 1995-2005 period. Perpetual Inventory Method is used to construct capital series for these countries, and then stochastic production frontier analysis is used to estimate the...