Institutional competition in the post-Soviet space
AbstractInstitutional competition is often discussed as an instrument of market creation and preservation in transition and development economies. The post-Soviet space offers an interesting case study for the analysis of this problem: increasing international investment flows and absent policy coordination establish an environment for intensification of institutional competition among jurisdictions. Nevertheless, in the post-Soviet world the quality of institutions seems to remain low. This paper deals with potential effects of interjurisdictional competition on institutional quality in the post-Soviet space while addressing two levels of analysis: rational choice factors (economic inequality and learning effects) and interplay of formal and informal institutions (perception of free markets, trust to the public authority and interaction of deep and shallow institutional levels).
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 10936.
Date of creation: 2007
Date of revision:
Institutional competition; demand for bad institutions; formal and informal institutions;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
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- Levy David L. & Prakash Aseem, 2003. "Bargains Old and New: Multinational Corporations in Global Governance," Business and Politics, De Gruyter, vol. 5(2), pages 1-21, December.
- Libman, Alexander, 2008. "Informal regionalism in Central Asia: subnational and international levels," MPRA Paper 26417, University Library of Munich, Germany.
- Libman, Alexander, 2008. "Federalism and regionalism in transition countries: A survey," MPRA Paper 29196, University Library of Munich, Germany.
- Libman, Alexander & Ushkalova, Daria, 2009. "Post-Soviet countries in global and regional institutional competition: The case of Kazakhstan," MPRA Paper 12595, University Library of Munich, Germany.
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