Assessing institutional efficiency, growth and integration
AbstractThis paper presents a new empirical methodology for evaluation of the institutional system's development in transition economies and the impact it has on economic performance. We have developed and used a methodology of estimation of an operational indicator of institutional system dynamics to observe the "institutional reforms-economic growth" interdependence in transition economies. The empirical work reveals a certain dependence between institutional development and growth. An application of the approach to the problems of international economic integration of transition economies in the context of EU accession allows us to assess the role of democratization and the rule of law in particular.
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Bibliographic InfoArticle provided by Elsevier in its journal Emerging Markets Review.
Volume (Year): 6 (2005)
Issue (Month): 1 (April)
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Web page: http://www.elsevier.com/locate/inca/620356
Other versions of this item:
- Juan Pineiro Chousa & Haider A. Khan & Davit Melikyan & Artur Tamazian, 2004. "Assessing Institutional Efficiency, Growth and Integration," CIRJE F-Series CIRJE-F-285, CIRJE, Faculty of Economics, University of Tokyo.
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