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What drives growth in the transition countries?
Economic growth has varied widely across the transition countries since 1989. Central Europe has generally performed better than south-eastern Europe, which in turn has out-performed Russia, Ukraine and the other members of the Commonwealth of Independent States (CIS). But what accounts for these differences? And what has been the role of institutions? An EBRD research programme funded by the Japanese government through the Japan-Europe Cooperation Fund (JECF) has brought together a group of leading economic researchers to explore this issue. The programme has focused on the role of institutions in a broad sense – customs and traditions, property rights, the political system, the judiciary, the governance of these institutions, the allocation of resources and employment. In particular, the programme has explored how changes to the institutional framework can affect private sector productivity, the labour market and the emergence of an effective financial system. The EBRD-Japan research programme has financed close to 30 papers and four major surveys – two rounds of the Business Environment and Enterprise Performance Survey, the Banking Environment and Performance Survey and a survey on access to finance for micro, small and medium-sized enterprises in four transition countries. About the research project
Summary paper
Summary paper
Papers
Growth, development and appropriate
versus inappropriate institutions
A framework for studying
institutional persistence and change
Entry and growth in Russia
Transient inequalities in
post-communist transition: a two-sector model
Unemployment and labour market
institutions: a progress report
Do unemployment benefits promote or
hinder structural change?
Where are the real bottlenecks? A
lagrangian approach to identifying constraints on growth from subjective
survey data
Inactivity in Hungary – the effect of
the pension system
Culture, beliefs and economic
performance
Job destruction, job creation and
unemployment in transition countries: what can we learn?
Market entry, privatisation and bank
performance in transition
Cost efficiency of banks in
transition: evidence from 289 banks in 15 post-communist countries
China’s labour market in the wake of
economic restructuring
Beyond borders: reconsidering
regional trade in central Asia
Ownership concentration, uncertainty
and performance
Bank risk and bank management in
transition: A progress report on the EBRD banking environment and performance
survey
How does economic liberalization
affect investment in education? Evidence from Mexico
Creditor rights and credit creation
by banks in transition economies: evidence from banking environment and
performance survey
Institutional clusters
Bank lending and performance of
micro, small and medium sized enterprises (MSMEs): evidence from Bulgaria,
Georgia, Russia and Ukraine
Regional labour markets in
transition and initial human capital
Skill endowments in the CEEs: the
legacy of socialism and implications for unskilled employment
Unemployment and worker-firm
matching in post-communist economies: transition, policies or structural
problems
Who tolls the bells for firms? Tales
from transition economies
How law affects lending
The role of FDI in Eastern Europe
and new independent states: new channels for the spillover effect
Does competition policy
implementation affect the intensity of competition?
Institutional determinants of
success in deregulation
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