期刊名称：IoES Working Paper Series / Institute of Economic Studies, University of Iceland
出版年度：2007
卷号：2007
出版社：niversity of Iceland
摘要：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.
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