Innovation is the key to productivity growth and prosperity. Most empirical cross-country analysis of the determinants of innovation focus mainly on developed countries. The objective of this study is to fill this gap in the research and analyze the determinants of innovation in transition countries of Eastern Europe and the Former Soviet Union.…

Provides cross-country estimates on private rates of return to higher-education qualifications across various transitional economies spanning Central and Eastern Europe, Russia, and the former Soviet Union. Rates tend to rise in most transitional economies over the period considered. Rate variabilities help explain variabilities in wage…

Lasting imbalances between the demand for educated labor and the size and educational composition of the supply of university graduates has been a common phenomenon for both developed and developing countries. Drawing on human capital theory, this paper develops a methodology to help education planners restore the balance. Includes 49 references.…