Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...