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.
Keywords: data, economic development, institutional environment, CEE countries.
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Contents
- The European Union's strategy for increasing the living conditions of the population in the member states
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
- Does institutional environment
affect the economic development?
Evidence from selected CEE countries
Lejla TERZIĆ
- Causality between economic policy uncertainty and exchange
rate in China with considering quantile differences
Yin DAI
Jing-wen ZHANG
Xiu-zhen YU
Xin LI
- What impact has free trade area on economies of ASEAN-5 countries?
Abidin ÖNCEL
Raisal Fahrozi LUBİS
- Hard currency inflows and sterilization policy in Algeria:
An ARDL approach
Aissa DJEDAIET
Hicham AYAD
- Evaluating Indian economy’s vulnerability
to currency crisis
Mohana Rao BALAGA
Puja PADHI
- Does fiscal policy spur economic growth?
Empirical evidence from Algeria
Amal MATALLAH
Siham MATALLAH
