implementation of mass privatization programs negatively impacts measures of economic growth, state capacity and the security of … quantitative analysis of mass privatization programs in the postcommunist world. We argue that rapid large-scale privatization … back on the enterprise sector, as the state can no longer support the institutions necessary for the effective functioning …

mass privatization program) creates severe supply-and-demand shocks for enterprises, inducing firm failure. This leads to a … enterprise sector, since the state can no longer support the institutions necessary for the effective functioning of capitalist …

supporting institutions such as property rights and rule of law. But how do these two aspects of the institutional environment …

Studying the transition means analyzing the interactions between institutions and structural change, a process we still …

This paper derives a stochastic endogenous growth model that investigates the impact of European Union integration on … convergence and productivity growth. We deviate from the general strand of literature by not only deriving a theoretical model for … the effects of integration on the rate of economic growth, but also by using more appropriate estimation techniques. The …

to contribute to the debate by examining the type of institutions which have been the most important for growth in … classical growth factors such as investment and export turn out to be more important for growth than institutions. …There is a consensus among scholars that institutions (i.e. norms and regulations) are country specific. The paper aims …

are characterized by a fundamental inconsistency between formal and informal institutions. When formal and informal rules … the new institutional economics is on the consequences of institutions--the rules that structure and constrain economic …. Institutions therefore do affect economic performance, but it is not always obvious which institutional rules dominate. Where …