Assessing Institutional Efficiency, Growth and Integration

Juan Pineiro Chousa, Haider Khan (), Davit Melikyan and Artur Tamazian ()
Additional contact information
Juan Pineiro Chousa: University of Santiago de Compostela
Davit Melikyan: Institute of Management and Economic Reforms

No CIRJE-F-285, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper presents a new empirical methodology for evaluation of the institutional system's development in transition economies and the impact it has on economic performance. We have developed and used a methodology of estimation of an operational indicator of institutional system dynamics to observe the "institutional reforms-economic growth" interdependence in transition economies. The empirical work reveals a certain dependence between institutional development and growth. An application of the approach to the problems of international economic integration of transition economies in the context of EU accession allows us to assess the role of democratization and the rule of law in particular.

Pages: 28 pages
Date: 2004-06
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (7)

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Journal Article: Assessing institutional efficiency, growth and integration (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2004cf285

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