01855cas a2200253 a 4500 AALejournalIMF005348 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870930 1018-5941 BD-DhAAL BD-DhAAL Gylfason, Thorvaldur. Growing Apart? : A Tale of Two Republics; Estonia and Georgia / Thorvaldur Gylfason, Eduard Hochreiter. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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). On the basis of a simple growth accounting exercise, 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. Mode of access: Internet Hochreiter, Eduard. IMF Working Papers; Working Paper ; No. 2008/235 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/235/001.2008.issue-235-en.xml IMF e-Library