IDEAS home Printed from https://ideas.repec.org/a/aic/revebs/y2013i12pohoatai.html
   My bibliography  Save this article

Institutional Quality – Determinant Of Transition Performances In Central And Eastern European Nations

Author

Listed:
  • Ion POHOATA

    () („Alexandru Ioan Cuza” University, Faculty of Economics and Business Administration,Iasi, Romania)

  • Oana-Ramona SOCOLIUC

    () („Alexandru Ioan Cuza” University, Faculty of Economics and Business Administration, Iasi, Romania)

  • Delia-Elena DIACONAªU

    () („Alexandru Ioan Cuza” University, Faculty of Economics and Business Administration, Iasi, Romania)

Abstract

This study attempts to investigate the impact of institutions on the effectiveness of transition results achieved by emerging economies from Central and Eastern Europe. After more than two decades significant economic and social disparities have arisen between these nations. Consequently, the relationship between institutional efficiency and progress is investigated using a multiple linear regression model. Given the Romanian poor transition performances, the purpose of this paper is to highlight that even if Romania had followed a shock therapy, the resultant of institutional interaction at formal-informal level would have been the same. As results emphasize, the inertial character of informal values inherited from the past faded the echo of good formal initiatives. In the light of such circumstances, performances of countries such as Poland or the Czech Republic become not only understandable, but far from being reached in Romania.

Suggested Citation

  • Ion POHOATA & Oana-Ramona SOCOLIUC & Delia-Elena DIACONAªU, 2013. "Institutional Quality – Determinant Of Transition Performances In Central And Eastern European Nations," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 12, pages 21-35, June.
  • Handle: RePEc:aic:revebs:y:2013:i:12:pohoatai
    as

    Download full text from publisher

    File URL: http://www.rebs.ro/articles/pdfs/160.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 159-240.
    2. Guido Tabellini, 2010. "Culture and Institutions: Economic Development in the Regions of Europe," Journal of the European Economic Association, European Economic Association, vol. 8(4), pages 677-716, June.
    3. Christian Bjørnskov & Niklas Potrafke, 2011. "Politics and privatization in Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 19(2), pages 201-230, April.
    4. repec:hrv:faseco:30728045 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    emergent economy; transition; formal institutions; informal institutions; path dependence;

    JEL classification:

    • P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • P37 - Economic Systems - - Socialist Institutions and Their Transitions - - - Legal

    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:aic:revebs:y:2013:i:12:pohoatai. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru). General contact details of provider: http://edirc.repec.org/data/feaicro.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.