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The EU Anchor Thesis: Transition from Socialism, Institutional Vacuum and Membership in the European Union

In: The Palgrave Handbook of Comparative Economics

Author

Listed:
  • Nauro F. Campos

    (University College London
    ETH Zürich
    IZA Institute of Labor Economics)

Abstract

One of the clearest stylised facts of the transition is also one of the most unexpected: after 1989 Central and Eastern European and the former Soviet Union countries diverged massively. Institutions are a main reason. The European Union (EU) anchor thesis posits that the prospect of membership in the EU played a key role in filling in the institutional vacuum that followed the collapse of socialism. This chapter examines this thesis and assesses the relevant bodies of evidence, focusing on whether the prospect of EU membership accelerated institutional development and, if so, whether this was indeed associated with improved economic outcomes.

Suggested Citation

  • Nauro F. Campos, 2021. "The EU Anchor Thesis: Transition from Socialism, Institutional Vacuum and Membership in the European Union," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 14, pages 353-368, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-50888-3_14
    DOI: 10.1007/978-3-030-50888-3_14
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    Keywords

    EU anchor thesis; Transition; EU membership; Institutions;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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