Regional Integration and the Rule of Law

Christian Danne

No 157, FIW Working Paper series from FIW

Abstract: This paper constructs agreement specific instruments in order to estimate the effect of membership in a regional cooperation agreement (RCA) on institutional change. For a sample of 144 emerging and developing economies, the results show that membership in a RCA explains a significant part of the cross country variation in institutional reforms. EU and NATO-related agreements are an important reason why emerging markets in Eastern Europe and Central Asia have been better reformers despite their socialistic heritage. RCAs are a main factor why African economies are still doing very poorly in terms of institutional reforms. I show that the construction of the RCA and the willingness delegate sovereignty is behind the effect on institutions and is an important.

Keywords: Economic institutions; reforms; regional cooperation (search for similar items in EconPapers)
JEL-codes: F53 F55 H11 O11 O19 (search for similar items in EconPapers)
Pages: 47
Date: 2015-07
New Economics Papers: this item is included in nep-tra
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