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Impact of good governance in the economic development of Western Balkan countries

Author

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  • Engjell Pere

    (European University of Tirana)

Abstract

After the socio-economic transformation and the establishment of the free market institutions, the development and improvement of living standards in post transition economies are deemed to depend more and more on the so called secondary “generating” reforms, at the core of which is the good governance. Drawing from this approach, this article seeks to address the role and the effect of the good governance in the economic development of the Western Balkans countries. More specifically, the article investigates the impact of good governance in the rates of economic growth of GDP. The article adopts a quantitative methodology approach, i.e. an econometric model based on the examination of a panel – data of good governance indicators for Western Balkans countries for the period 1996 – 2012. The analysis concentrates on the following Western Balkan Countries: Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia.

Suggested Citation

  • Engjell Pere, 2015. "Impact of good governance in the economic development of Western Balkan countries," European Journal of Government and Economics, Europa Grande, vol. 4(1), pages 25-45, June.
    • Handle: RePEc:egr:ejge00:v:4:i:1:p:25-45
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    References listed on IDEAS

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    Cited by:

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    2. Michaela Ftoreková & Michal Mádr, 2017. "The Rule of Law and Economic Growth in the Balkan States," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 3(1), pages 13-20.
    3. Fagbemi, Fisayo & Nzeribe, Geraldine & Osinubi, Tolulope & Asongu, Simplice, 2021. "Interconnections between Governance and Socioeconomic Conditions: Understanding Sub-Saharan African Challenges," MPRA Paper 111844, University Library of Munich, Germany.
    4. HYSA, Eglantina & MANSI, Egla, 2020. "Challenges Of Sustainable Economic Development In Albania," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 197-208, October.
    5. Goran Popovic & Ognjen Eric & Stanko Stanic, 2020. "Trade Openness, Institutions and Economic Growth of the Western Balkans Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(3), pages 173-184.
    6. Ravindra Ojha & Prem Vrat, 2017. "Impact of Good Governance on Indian Manufacturing Growth: A System Dynamics Analysis," Metamorphosis: A Journal of Management Research, , vol. 16(1), pages 1-10, June.
    7. Dimitra Mitsi, 2021. "Good Governance and Economic Growth in South European Countries," Review of European Studies, Canadian Center of Science and Education, vol. 13(2), pages 1-26, June.
    8. Vunjak Nenad & Dragosavac Miloš & Vitomir Jelena & Stojanović Petra, 2020. "Central and South – Eastern Europe Banking Sectors in the Sustainable Development Function," Economics, Sciendo, vol. 8(1), pages 51-60, June.
    9. Gratiela Georgiana Noja & Mirela Cristea & Eleftherios Thalassinos & Marta Kadłubek, 2021. "Interlinkages between Government Resources Management, Environmental Support, and Good Public Governance. Advanced Insights from the European Union," Resources, MDPI, vol. 10(5), pages 1-23, April.
    10. Samarasinghe, Tharanga, 2018. "Impact of Governance on Economic Growth," MPRA Paper 89834, University Library of Munich, Germany.
    11. Stanić Stanko & Račić Željko V., 2019. "Analysis of Macroeconomic Factors Effect to Gross Domestic Product of Bosnia and Herzegovina Using the Multiple Linear Regression Model," Economics, Sciendo, vol. 7(2), pages 91-97, December.
    12. Muhammad Azam, 2022. "Governance and Economic Growth: Evidence from 14 Latin America and Caribbean Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1470-1495, June.

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    More about this item

    Keywords

    Western Balkans; good governance; economic growth; governance index;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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