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Wielowymiarowa analiza efektywnosci instytucjonalnej w krajach Europy Srodkowo-Wschodniej w relacji do standardow OECD

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  • Adam P. Balcerzak

    (Nicolaus Copernicus University, Poland)

Abstract

The article is devoted to measuring the effectiveness of institutional systems of developed countries in terms of their relevance to the requirements of the global knowledge-based economy. The aim of the article is to evaluate the results obtained by Visegrád Group in relations to OECD countries. In the first part of the article the most important factors determining the ability of a country to use the development potential of the knowledge-based economy was discussed. This analysis was based on the principals of institutional economics. Then taxonomic examination for OECD countries covering the period 1995-2010 was made. The empirical analysis utilized linear ordering, a procedure based on the Hellwig’s method of pattern development. Data form Fraser Institute base created for Economic Freedom of the World Raptor was used.

Suggested Citation

  • Adam P. Balcerzak, 2014. "Wielowymiarowa analiza efektywnosci instytucjonalnej w krajach Europy Srodkowo-Wschodniej w relacji do standardow OECD," Working Papers 1/2014, Institute of Economic Research, revised May 2014.
    • Handle: RePEc:pes:wpaper:2014:no1
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    Citations

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    Cited by:

    1. Michał Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Institutions and Total Factor Productivity in the European Union," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 17(3), pages 497-514, September.
    2. Adam P. Balcerzak & Michał Bernard Pietrzak, 2015. "Quality of Institutions for Global Knowledge-based Economy and Convergence Process in the European Union," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 42.

    More about this item

    Keywords

    institutional system; multivariate analysis; global knowledge-based economy;
    All these keywords.

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