Transition economies (i.e. Central Eastern Europe Countries and Former Soviet Union Republics) have undergone an enormous transformation since 1989-1991. After the recession of the early 1990’s, some of these economies experienced a GDP recovery, at a different pace, with different outcomes in...

The trade and capital flows across the national borders of developing countries have recently accelerated and produced the conditions for faster transmission of knowledge. While the economic literature has mainly focused on how international technology transfer affects standard economic...

The paper studies the relations between types of institutions on different components of human development. A role of aggregate demand in determining the material components of human development is assumed. We thus divide institutions into those that create demand and those that are determined...

In this paper we analyze whether and which political institutions are important for famine prevention and for keeping the levels of inequality low. While famines are sudden crises hitting a country, inequality is a structural problem. As a consequence, the institutions needed might be very...