Naslov
Empirical Assessment of Institutional Convergence in CEECs

Autori
Vučković, Valentina ; Šimić Banović, Ružica ; Basarac Sertić, Martina

Vrsta, podvrsta
Ostale vrste radova, natuknica u enciklopediji, leksikonu, rječniku i sl.

Godina
2022

Ključne riječi
convergence ; divergence ; institutions ; post-socialism ; transition

Sažetak
Although there is no universally accepted definition of governance, and a conceptual framework for governance statistics is still lacking, for the purpose of this article, i.e., to investigate the convergence of CEE countries as a potential result of the transfer of Western formal institutions to those countries, the latest edition of the Worldwide Governance Indicators (WGI) dataset was used. Based on a long-standing research programme by the World Bank, the Worldwide Governance Indicators (WGI) capture six key dimensions of governance (Voice and Accountability, Political Stability and Lack of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption) in the period between 1996 and 2019. Thus, in the following lines, we first analyse the institutional quality in CEECs based on the VoC approach, after which we empirically test the σ- and unconditional β-convergence in selected groups of countries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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