Institutions and economic growth in European post-transition economies
This paper discusses the role of institutions in economic growth in selected European post-transition economies. During the 1990s, Central and Eastern European countries faced challenges adapting their political and economic systems to keep up with a rapidly changing global landscape. They needed ne...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Faculty of Economics University of Rijeka
2024-12-01
|
| Series: | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| Subjects: | |
| Online Access: | https://www.efri.uniri.hr/upload/1/08-Trpeski_et_al-2024-2.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832582678058106880 |
|---|---|
| author | Predrag Trpeski |
| author_facet | Predrag Trpeski |
| author_sort | Predrag Trpeski |
| collection | DOAJ |
| description | This paper discusses the role of institutions in economic growth in selected European post-transition economies. During the 1990s, Central and Eastern European countries faced challenges adapting their political and economic systems to keep up with a rapidly changing global landscape. They needed new institutions like regulations, social norms, and organisations to support a capitalist economy. These institutions provide a framework for economic activity and guide individuals to act in ways that align with economic goals. They are crucial for creating a stable environment for economic growth, promoting investment and innovation, and reducing uncertainty, which is essential for economic success. To analyse this, we conduct an econometric analysis of 16 European post-transition countries from 1998-2019 using fixed-effect, Arellano and Bond’s first difference GMM estimator, and the system GMM estimator. The results indicate that institutions significantly impact economic growth. |
| format | Article |
| id | doaj-art-4b666c9916f7468f90d8a7a2a4582a62 |
| institution | Kabale University |
| issn | 1331-8004 1846-7520 |
| language | deu |
| publishDate | 2024-12-01 |
| publisher | Faculty of Economics University of Rijeka |
| record_format | Article |
| series | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| spelling | doaj-art-4b666c9916f7468f90d8a7a2a4582a622025-01-29T11:57:53ZdeuFaculty of Economics University of RijekaZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu1331-80041846-75202024-12-0142244747810.18045/zbefri.2024.2.3Institutions and economic growth in European post-transition economiesPredrag Trpeski0https://orcid.org/0000-0001-9720-308X Full professor, Ss. Cyril and Methodius University in Skopje, Faculty of Economics – Skopje, Blvd. Goce Delcev 9-V, 1000 Skopje, Republic of North Macedonia. Scientific affiliation: economics, labour economics. E-mail: predrag.trpeski@eccf.ukim.edu.mkThis paper discusses the role of institutions in economic growth in selected European post-transition economies. During the 1990s, Central and Eastern European countries faced challenges adapting their political and economic systems to keep up with a rapidly changing global landscape. They needed new institutions like regulations, social norms, and organisations to support a capitalist economy. These institutions provide a framework for economic activity and guide individuals to act in ways that align with economic goals. They are crucial for creating a stable environment for economic growth, promoting investment and innovation, and reducing uncertainty, which is essential for economic success. To analyse this, we conduct an econometric analysis of 16 European post-transition countries from 1998-2019 using fixed-effect, Arellano and Bond’s first difference GMM estimator, and the system GMM estimator. The results indicate that institutions significantly impact economic growth.https://www.efri.uniri.hr/upload/1/08-Trpeski_et_al-2024-2.pdfinstitutionseconomic growtheuropean post-transition countries |
| spellingShingle | Predrag Trpeski Institutions and economic growth in European post-transition economies Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu institutions economic growth european post-transition countries |
| title | Institutions and economic growth in European post-transition economies |
| title_full | Institutions and economic growth in European post-transition economies |
| title_fullStr | Institutions and economic growth in European post-transition economies |
| title_full_unstemmed | Institutions and economic growth in European post-transition economies |
| title_short | Institutions and economic growth in European post-transition economies |
| title_sort | institutions and economic growth in european post transition economies |
| topic | institutions economic growth european post-transition countries |
| url | https://www.efri.uniri.hr/upload/1/08-Trpeski_et_al-2024-2.pdf |
| work_keys_str_mv | AT predragtrpeski institutionsandeconomicgrowthineuropeanposttransitioneconomies |