Theoretical and Applied Economics
No. 3 / 2017 (612), Autumn
Does institutional environment affect the economic development? Evidence from selected CEE countries
University of East Sarajevo, Faculty of Economics Brčko, Bosnia and Herzegovina
Abstract. Economic theory identifies different variables, affecting economic development. Many economists and analysts focused their research from the determinants in the neoclassical economic growth model to the three rooted variables of economic development: institutions, geography and openness to trade. Aim of this paper is to investigate linkage between institutional environment and economic development in the selected Central and Eastern European countries (CEE). In order to explore relationship of the “deep determinants” of economic development to institutional environment several methodological approaches have been used. Empirical research was accomplished via SPSS 21 statistical software package. The results indicate the significance of institutional environment for future economic development.
Contents
The European Union's strategy for increasing the living conditions of the population in the member states
Does institutional environment affect the economic development? Evidence from selected CEE countries
Causality between economic policy uncertainty and exchange rate in China with considering quantile differences
An agency theory approach on Romanian listed companies’ capital structure
What impact has free trade area on economies of ASEAN-5 countries?
Is more government debt or currency depreciation expansionary? The case of Poland
Long-memory, self-similarity and scaling of the long-term government bond yields: Evidence from Turkey and the USA
Hard currency inflows and sterilization policy in Algeria: An ARDL approach
Evaluating Indian economy’s vulnerability to currency crisis
Impact of fiscal responsibility legislations on state finances in India
Does fiscal policy spur economic growth? Empirical evidence from Algeria
Financial conditions index (FCI), inflation and growth: Some evidence
On the effects of total productivity growth of economic freedom and total resource rents: The case of both natural resource rich and OECD countries