This paper addresses the complex relationship between geography and macreeconomic growth. We investigate the ways in which geography may matter directly for growth, controlling for economic policies and institutions, as well as the effects of geography on policy choices and institutions. We find...

The Hungarian economy's road from a centralized, planned economy to a market economy displays a number of features that distinguich it from other post-socialist countries, despite the underlying similarities. Without aiming to provide a complete picture, I will pick out four features. One or...