Arbeitspapier
Growing apart?: a tale of two republics: Estonia and Georgia
We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other resources (intensive growth) as opposed to brute accumulation of capital (extensive growth). We infer that advances in education at all levels, good governance, and institutional reforms have played a more significant role in raising economic output and efficiency in Estonia than in Georgia which remains marred by various problems related to weak governance in the public and private spheres.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 2155
- Classification
-
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Subject
-
economic growth
governance
transition economies
Wirtschaftswachstum
Governance-Ansatz
Estland
Georgien
- Event
-
Geistige Schöpfung
- (who)
-
Gylfason, Thorvaldur
Hochreiter, Eduard
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gylfason, Thorvaldur
- Hochreiter, Eduard
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2007
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