Resource title

Growing apart?: a tale of two republics: Estonia and Georgia

Resource image

image for OpenScout resource :: Growing apart?: a tale of two republics: Estonia and Georgia

Resource description

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.

Resource author

Thorvaldur Gylfason, Eduard Hochreiter

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26199

Resource license

Adapt according to the presented license agreement and reference the original author.