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Assessing institutional efficiency, growth and integration

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  • Chousa, Juan Pineiro
  • Khan, Haider A.
  • Melikyan, Davit
  • Tamazian, Artur

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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  • Chousa, Juan Pineiro & Khan, Haider A. & Melikyan, Davit & Tamazian, Artur, 2005. "Assessing institutional efficiency, growth and integration," Emerging Markets Review, Elsevier, vol. 6(1), pages 69-84, April.
    • Handle: RePEc:eee:ememar:v:6:y:2005:i:1:p:69-84
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    3. Tamilina, Larysa & Baklanova, Olena, 2012. "Способы формирования контрактных институтов: эволюция versus революция [Means of institutional formation: evolution versus revolution]," MPRA Paper 50172, University Library of Munich, Germany.
    4. Juan Pineiro Chousa & Haider Ali Khan & Davit N. Melikyan & Artur Tamazian, 2005. "Institutional and Financial Determinants of Development: New Evidence from Advanced and Emerging Markets," CARF F-Series CARF-F-027, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    5. Juan Pineiro Chousa & Haider Ali Khan & Davit N. Melikyan & Artur Tamazian, 2005. "Institutional and Financial Determinants of Development: New Evidence from Advanced and Emerging Markets," CIRJE F-Series CIRJE-F-326, CIRJE, Faculty of Economics, University of Tokyo.
    6. 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.
    7. Artur Tamazian & Davit N. Melikyan, 2010. "An Empirical Assessment of Economic and Political Challenges of European Union Accession," Journal of Common Market Studies, Wiley Blackwell, vol. 48(5), pages 1391-1408, November.
    8. 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.
    9. Brahim Gaies & Stéphane Goutte & Khaled Guesmi, 2019. "Does Financial Globalization Still Spur Growth In Emerging And Developing Countries? Considering Exchange Rate Volatility'S Effects," Working Papers hal-01968082, HAL.
    10. Tamilina, Larysa & Baklanova, Olena, 2012. "Способы формирования контрактных институтов как факторы экономического ростa: сравнительный анализ [Means of economic institutional formation as determinants of economic growth: a comparative analy," MPRA Paper 50171, University Library of Munich, Germany.
    11. Krishna Chaitanya Vadlamannati & Artur Tamazian, 2008. "Impact Of Institutional Quality On Human Rights Abuses In Transition Economies," William Davidson Institute Working Papers Series wp928, William Davidson Institute at the University of Michigan.
    12. Vonnegut, Andrew, 2009. "Institutions and initial conditions in transition: reconciling neo-institutional and neo-classical conceptions," MPRA Paper 24563, University Library of Munich, Germany, revised 2010.
    13. Ahmed Imran Hunjra & Tahar Tayachi & Muhammad Irfan Chani & Peter Verhoeven & Asad Mehmood, 2020. "The Moderating Effect of Institutional Quality on the Financial Development and Environmental Quality Nexus," Sustainability, MDPI, vol. 12(9), pages 1-13, May.
    14. Jana Votápková & Milan Žák, 2013. "Institutional Efficiency of Selected EU & OECD Countries Using Dea-Like Approach," Prague Economic Papers, Prague University of Economics and Business, vol. 2013(2), pages 206-223.
    15. Efendic, Adnan & Pugh, Geoff & Adnett, Nick, 2011. "Institutions and economic performance: A meta-regression analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 586-599, September.
    16. Lawal Wasiu Omotayo & Zainab Abubakar & Zainab Said Suwaid, 2025. "Institutional Environment and the Quest for Stable Exchange Rate in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 17(1), pages 43-54.
    17. Siudek, Tomasz & Zawojska, Aldona, 2014. "Quality of national governance and rural development: The case of the European Union countries," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182793, European Association of Agricultural Economists.
    18. Çolak Olcay, 2025. "Exploring the Linkage Between Domestic Savings, Investment and Economic Growth: Evidence from the Eastern European Economies," South East European Journal of Economics and Business, Sciendo, vol. 20(1), pages 15-29.
    19. Olena Baklanova & Mariana Petrova & Viktor Koval, 2020. "Institutional Transmission in Economic Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 68-91.

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