EconPapers    
Economics at your fingertips  
 

The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries

Ahmet Aysan (), Omer Baykal and Marie-Ange Véganzonès

No 611, Working Papers from Economic Research Forum

Abstract: The paper aims to ascertain the effects of governance on investment and vice versa among a sample set of developing countries. In an increasingly interdependent economic system, regions with good governance are considered to be areas of higher investment as a result of further integration and collaborative action among member states. Since its foundation in 1992, Black Sea Economic Cooperation (BSEC) countries have gone through a transition process and to a large extent these were about institutional transformation. Good governance and institutions are an assurance to guarantee property rights and minimize transaction costs, thus creating an environment conducive to investment and growth. To that end, our second aim is to find out the impact that BSEC has given to its member countries regarding convergence of governance institutions. The study is the first attempt in the literature to investigate how regionalization can provide institutional convergence besides economic convergence in the BSEC region.

Date: 2011-01-08, Revised 2011-01-08
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published by The Economic Research Forum (ERF)

Downloads: (external link)
http://erf.org.eg/wp-content/uploads/2014/08/611.pdf (application/pdf)
http://bit.ly/2mErYUO (text/html)

Related works:
Chapter: The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries (2011) Downloads
Working Paper: The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries (2011) Downloads
Working Paper: The effects of convergence in governance on capital accumulation in the Black Sea Economic Cooperation Countries (2011)
Working Paper: The effects of convergence in governance on capital accumulation in the Black Sea Economic Cooperation Countries (2011)
Working Paper: The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries (2011) Downloads
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:erg:wpaper:611

Access Statistics for this paper

More papers in Working Papers from Economic Research Forum Contact information at EDIRC.
Bibliographic data for series maintained by Sherine Ghoneim ().

 
Page updated 2019-09-14
Handle: RePEc:erg:wpaper:611