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Large-scale Transformations of Socio-economic Institutions

Author

Listed:
  • Esther Ademmer
  • Joscha Beckmann
  • Rainer Schweickert

    (Kiel Institute for the World Economy)

Abstract

We explain economic growth by both politics, i.e., government activity including spending as well as regulation, and institutional quality and its interaction with politics. This extends previous work on institution building in transition by looking at its impact and, at the same time, considering endogeneity problems. While initially planned in two stages, the modified approach is able to integrate the arguments developed in the cluster approach on varieties of capitalism and their potential explanatory power for economic growth. As forseen for the second stage, we estimate the determinants of transition based on the exogenous components of institution building only as well as on other factors, especially welfare policies. This approach also allows integrating various measures of income or well-being as soon as panel data becomes available.

Suggested Citation

  • Esther Ademmer & Joscha Beckmann & Rainer Schweickert, 2014. "Large-scale Transformations of Socio-economic Institutions," WIFO Studies, WIFO, number 50892, April.
    • Handle: RePEc:wfo:wstudy:50892
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    References listed on IDEAS

    as
    1. Markus Ahlborn & Joachim Ahrens & Rainer Schweickert, 2016. "Large-Scale Transition of Economic Systems – Do CEECs Converge Toward Western Prototypes?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(3), pages 430-454, September.
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