Impact of European Integration on Institutional Development

Nina Schönfelder () and Helmut Wagner ()
Additional contact information
Nina Schönfelder: University of Hagen, Postal: Universitätsstraße 11, 58097 Hagen, Germany
Helmut Wagner: University of Hagen, Postal: Universitätsstraße 11, 58097 Hagen, Germany

Journal of Economic Integration, 2016, vol. 31, issue 3, 472-530

Abstract: This paper investigates institutional development induced by European integration. We estimate a dynamic panel data model wherein institutional development is measured as positive changes in the Worldwide Governance Indicators, which are explained by the status of the European countries, for example, being a member of the euro area or an EU member state or a candidate country of the European Union, and additional controls. We confirm a positive effect arising from prospective EU membership, although being an EU member state does not influence the institutional development path. For members of the euro area, there is robust evidence for institutional deterioration in one particular area, namely control of corruption.

Keywords: institutional development; transition economies; European integration; euro area; panel data (search for similar items in EconPapers)
JEL-codes: F55 O43 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.e-jei.org/ Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0691

Access Statistics for this article

Journal of Economic Integration is currently edited by Seongeun Kim

More articles in Journal of Economic Integration from Center for Economic Integration, Sejong University Contact information at EDIRC.
Bibliographic data for series maintained by Yunhoe Kim ().