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Convergence in Institutions and Market Outcomes: Cross-country and Time-series Evidence from the Business Environment and Enterprise Performance Surveys in Transition Economies

Pradeep Mitra World Bank

Alexander Muravyev IZA and DIW Berlin

Mark E. Schaffer CERT, Heriot-Watt University and CEPR/IZA/WDI

JEL classification: O12 (Microeconomic Analyses of Economic Development), P31 (Socialist Enterprises and Their Transitions), L11 (Production, Pricing, and Market Structure; Size Distribution of Firms), G32 (Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure).

Keywords: transition, convergence, market structure, competition, enterprise finance, enterprise restructuring.

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