Prospective membership and institutional change in transition countries

Ansgar Belke, Ingo G. Bordon, Inna Melnykovska and Rainer Schweickert

No 1562, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper quantifies the impact of incentives related to potential membership on institutional change as measured by the World Bank Governance Indicators (WBGI). Based on a panel of 25 transition countries for the period from 1996 to 2008 we show that pre-accession incentives provided by EU and NATO clearly matter for institutional development. In addition, path-dependency determined by cultural norms may be overcome by economic liberalization while foreign aid seems to hamper institutional development.

Keywords: EU; NATO; Transition Economies; Institutional Change; Governance (search for similar items in EconPapers)
JEL-codes: F15 F20 F50 O19 P20 P30 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1562

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