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On the Delegation of Powers: With Special Emphasis on Central and Eastern Europe

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  • Eli Salzberger
  • Stefan Voigt

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Abstract

The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions, which allow for more complex exchanges to occur in markets and societies. Institutions can be understood as rules or constraints that channel individuals' actions in specific directions, and can be formal or informal depending on their genesis. The book highlights the connection between institutions and economic welfare by examining countries at different stages of development. Although the authors' study material effects, they also look at individual well-being which is more strongly influenced by the non-material products of institutions such as opportunity, freedom and relationships. They move on to highlight the role of institutions in global business, in terms of innovation, entrepreneurship and foreign direct investment. In the concluding chapters they focus on the actual process of transition from one institutional framework to another. Amongst other examples, they examine reforms to international financial institutions and constitutional adjustments in transition countries.
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Suggested Citation

  • Eli Salzberger & Stefan Voigt, 2002. "On the Delegation of Powers: With Special Emphasis on Central and Eastern Europe," Constitutional Political Economy, Springer, vol. 13(1), pages 25-52, March.
  • Handle: RePEc:kap:copoec:v:13:y:2002:i:1:p:25-52
    DOI: 10.1023/A:1013635123722
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    References listed on IDEAS

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    1. Cukierman, Alex & Miller, Geoffrey P. & Neyapti, Bilin, 2002. "Central bank reform, liberalization and inflation in transition economies--an international perspective," Journal of Monetary Economics, Elsevier, vol. 49(2), pages 237-264, March.
    2. Voigt, Stefan & Salzberger, Eli M, 2002. "Choosing Not to Choose: When Politicians Choose to Delegate Powers," Kyklos, Wiley Blackwell, vol. 55(2), pages 289-310.
    3. Loungani, Prakash & Sheets, Nathan, 1997. "Central Bank Independence, Inflation, and Growth in Transition Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(3), pages 381-399, August.
    4. Voigt, Stefan, 2009. "Explaining constitutional garrulity," International Review of Law and Economics, Elsevier, vol. 29(4), pages 290-303, December.
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    Citations

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    Cited by:

    1. Stefan Voigt, "undated". "Iudex Calculat: The ECJ's Quest for Power," German Working Papers in Law and Economics 2003-1-1066, Berkeley Electronic Press.
    2. George Tridimas, 2004. "A Political Economy Perspective of Judicial Review in the European Union: Judicial Appointments Rule, Accessibility and Jurisdiction of the European Court of Justice," European Journal of Law and Economics, Springer, vol. 18(1), pages 99-116, July.
    3. Ringa Raudla, 2010. "Explaining constitution-makers’ preferences: the cases of Estonia and the United States," Constitutional Political Economy, Springer, vol. 21(3), pages 249-269, September.

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