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Comparative analysis of the quality of European institutions 2003-2009: convergence or divergence?

Author

Listed:
  • Kresimir Jurlin

    (Institute for International Relations, Zagreb)

  • Nevenka Cuckovic

    (Institute for International Relations, Zagreb)

Abstract

This paper gives a comparative cross-country analysis of the quality of the institutional framework that underpins economic governance in European countries. The paper attempts to identify the trends of change in the quality of institutions and determine if there is a convergence in the quality of EU institutions. The countries included in the analysis are selected groups of EU countries and the Western Balkan Countries. The analysis is based on the results of the executive officers’ opinion surveys conducted by the World Economic Forum for the Global Competitiveness Index 2003-2009. In order to identify the relative quality of public institutions and the trend towards convergence/divergence for different clusters of EU countries, a three-pillar composite indicator of institutional quality was constructed from available WEF indicators. The analysis was conducted at the aggregated level as well as for individual countries and pillars, measured in terms of difference to an average rank of survey response in the EU-14 + EU-8 members.

Suggested Citation

  • Kresimir Jurlin & Nevenka Cuckovic, 2010. "Comparative analysis of the quality of European institutions 2003-2009: convergence or divergence?," Financial Theory and Practice, Institute of Public Finance, vol. 34(1), pages 71-98.
  • Handle: RePEc:ipf:finteo:v:34:y:2010:i:1:p:71-98
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    References listed on IDEAS

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    1. Iain Begg, 2008. "Economic governance in an enlarged euro area," European Economy - Economic Papers 2008 - 2015 311, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    3. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
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    5. Alesina, Alberto & Perotti, Roberto, 1996. "Income distribution, political instability, and investment," European Economic Review, Elsevier, vol. 40(6), pages 1203-1228, June.
    6. Andrew Williams & Abu Siddique, 2008. "The use (and abuse) of governance indicators in economics: a review," Economics of Governance, Springer, vol. 9(2), pages 131-175, May.
    7. Knack, Stephen, 2006. "Measuring corruption in Eastern Europe and Central Asia : a critique of the cross-country indicators," Policy Research Working Paper Series 3968, The World Bank.
    8. Olson, Mancur, Jr & Sarna, Naveen & Swamy, Anand V, 2000. "Governance and Growth: A Simple Hypothesis Explaining Cross-Country Differences in Productivity Growth," Public Choice, Springer, vol. 102(3-4), pages 341-364, March.
    9. Beaulier Scott & Boettke Peter, 2000. "Of Norms, Rules and Markets: A Comment on Samuels," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(4), pages 1-8, December.
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    1. repec:bla:tvecsg:v:108:y:2017:i:1:p:92-108 is not listed on IDEAS

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