Despite sharing a common label, Transition Economies (TE) do not constitute a homogenous group. Rathe they differ in many ways, including the level of economic development. These differences preclude TEs from adapting a uniform strategy towards increasing the level of relative efficiency of production of revenues from investments in Telecoms. Two research questions are examined. The first involves the identification of strategies for increasing the level of the relative efficiency of the production of revenue from Telecoms. The second involves the identification of appropriate implementation routes of the identified strategy. The authors draw theoretical support from the framework of Neoclassical Growth Accounting and employ a three-step methodology.
