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Assessing Institutional Efficiency, Growth and Integration

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Author Info
Juan Pineiro Chousa (University of Santiago de Compostela)
Haider A. Khan (GSIS, University of Denver)
Davit Melikyan (Institute of Management and Economic Reforms)
Artur Tamazian (University of Santiago de Compostela)

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Abstract

This 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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Publisher Info
Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-285.

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Length: 28 pages
Date of creation: Jun 2004
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Handle: RePEc:tky:fseres:2004cf285

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  1. Tamazian, Artur & Rao, B. Bhaskara, 2008. "Do Economic, Financial and Institutional Developments Matter for Environmental Degradation? Evidence from Transitional Economies," MPRA Paper 13015, University Library of Munich, Germany. [Downloadable!]
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  2. Staehr, Karsten & Tamazian, Artur & Vadlamannati, Krishna Chaitanya, 2009. "Political Determinants of Economic Reforms in the Post-Communist Transition Countries," MPRA Paper 15960, University Library of Munich, Germany. [Downloadable!]
  3. Juan Pineiro Chousa & Haider A. Khan & Davit N. Melikyan & Artur Tamazian, 2006. "Democracy, Finance and Development ," CIRJE F-Series CIRJE-F-458, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
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This page was last updated on 2009-12-18.

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