IDEAS home Printed from https://ideas.repec.org/p/pes/wpaper/2014no17.html
   My bibliography  Save this paper

Efektywnosc instytucjonalna krajow Unii Europejskiej w kontekscie globalnej gospodarki opartej na wiedzy

Author

Listed:
  • Adam P. Balcerzak

    (Nicolaus Copernicus University, Poland)

  • Michal Bernard Pietrzak

Abstract

The article is devoted to measuring the effectiveness of institutional systems of European Union countries in terms of their relevance to the requirements of the global knowledge-based economy. The theoretical analysis is based on the framework of new institutional economics with special consideration to economics of transaction costs. There are two main aims of the article. The main aim of the paper is to evaluate the progress obtained by Poland and the rest of so called New Member States of the European Union in the years 2000-2010 in the context of institutional reforms that can lead to decreasing of transaction costs and are up to requirements of global knowledge-based economy. The second aim of the paper is the evaluation of influence of the last crisis of the year 2008 on the institutional reforms in “old” Europe. The realisation of that aims was possible due to application of TOPSIS method for the analysis of institutional effectiveness of European Union members states in the years 2000-2010. The empirical research is based on the data from Fraser Institute database for Economic Freedom.

Suggested Citation

  • Adam P. Balcerzak & Michal Bernard Pietrzak, 2014. "Efektywnosc instytucjonalna krajow Unii Europejskiej w kontekscie globalnej gospodarki opartej na wiedzy," Working Papers 17/2014, Institute of Economic Research, revised Nov 2014.
    • Handle: RePEc:pes:wpaper:2014:no17
    as

    Download full text from publisher

    File URL: http://www.badania-gospodarcze.pl/images/Working_Papers/2014_No_17.pdf
    File Function: First version, 2014
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tomas Meluzin & Marek Zinecker, 2016. "Trends In Ipos: The Evidence From Cee Capital Markets," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(2), pages 327-341, June.
    2. Adam P. Balcerzak & Michal Bernard Pietrzak, 2015. "Research and development expenditures and quality of life in European Union countries," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(3), pages 285-302, September.
    3. Michal Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Human Capital and Total Factor Productivity in New European Union Members States," Working Papers 23/2016, Institute of Economic Research, revised May 2016.
    4. Adam P. Balcerzak & Michal Bernard Pietrzak, 2016. "Dynamic Panel Analysis of Influence of Quality of Human Capital on Total Factor Productivity in Old European Union Countries," Working Papers 19/2016, Institute of Economic Research, revised May 2016.
    5. Adam P. Balcerzak & Michał Bernard Pietrzak, 2015. "Quality of Institutions for Global Knowledge-based Economy and Convergence Process in the European Union," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 42.

    More about this item

    Keywords

    institutional economics; effectiveness of institutional system; TOPSIS method; global knowledge-based economy; European Union;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F6 - International Economics - - Economic Impacts of Globalization
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pes:wpaper:2014:no17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.