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Institucionální aspekty nové komparativní ekonomie: ČR a EU
[Institutional aspects of new comparative economy: Czech republic and European union]


  • Milan Žák
  • Petr Vymětal


The study focuses on evaluation of institutional quality in European Union countries and its possible impact on economic performance and competitiveness. The text stems from the theoretical framework of new institutional economics, especially historical and comparative institutionalism, and it bases on the concept of good governance. The source of the evaluation is the scheme of the World Bank Governance Matters, supplemented with research of other institutions working with individual institutional characteristics. Authors evaluate following characteristics - voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption, which together form aggregate indicator of institutional quality. Old member countries of European Union (EU-15) are classified into different models of capitalism according to their different institutional quality. Institutional changes in new member countries (EU-10, eventually EU-8) in period 1996-2004 illustrate both institutional adjustment of postcommunist countries and dynamics of these changes and their convergence to different types of capitalism.

Suggested Citation

  • Milan Žák & Petr Vymětal, 2006. "Institucionální aspekty nové komparativní ekonomie: ČR a EU
    [Institutional aspects of new comparative economy: Czech republic and European union]
    ," Politická ekonomie, University of Economics, Prague, vol. 2006(5), pages 583-609.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:5:id:574:p:583-609

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    References listed on IDEAS

    1. Gropp, Reint & Kostial, Kristina, 2000. "The disappearing tax base: is foreign direct investment eroding corporate income taxes?," Working Paper Series 0031, European Central Bank.
    2. Buchanan, James M & Lee, Dwight R, 1982. "Politics, Time, and the Laffer Curve," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 816-819, August.
    3. Reint Gropp & Kristina Kostial, 2000. "The Disappearing Tax Base; Is Foreign Direct Investment (FDI) Eroding Corporate Income Taxes?," IMF Working Papers 00/173, International Monetary Fund.
    4. Trabandt, Mathias & Uhlig, Harald, 2011. "The Laffer curve revisited," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 305-327.
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    More about this item


    institutional quality; comparative institutionalism; institutional characteristics; models of capitalism; institutional adaptation;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • P1 - Economic Systems - - Capitalist Systems
    • P5 - Economic Systems - - Comparative Economic Systems


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