We analyse responses to two similar life satisfaction questions asked during the same interview for each respondent in a major cross-country household survey covering the transition region, Turkey and five Western European countries. We show that while the answers to the two questions are...

A positive link between progress in market-oriented reforms and cumulative growth has been recorded across transition countries. This paper shows that progress in transition in one period can significantly affect growth in the subsequent period, and this growth can act as an immediate spur to...

Real exchange rates in the transition region have been relatively volatile over the past two decades, with major variation across countries and over time. In most countries, there was a shift between the pre-global crisis period, when the region saw significant real appreciation of currencies,...

Entrepreneurship is an important lever for spurring transition in the economies of the former Soviet Union and Central and Eastern Europe. Utilizing diversity, in terms of religion or gender, can positively affect entrepreneurial development. Programs that encourage entrepreneurial initiatives...

Using the 2010 Life in Transition Survey, this paper studies the association between local religious diversity and individual entrepreneurial behavior in 29 transition countries. We find that localities with higher religious diversity have more respondents who have tried to set up a business....