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| Author: | Schweickert, R. (et. al) |
| Title: | Prospective NATO or EU membership and institutional change in transition countries |
| Journal: | Economics of transition
2011 : OCT, VOL 19:4, p. 667-692 |
| Index terms: | associations incentives international economics liberalization transition economies |
| Freeterms: | economic aid |
| Language: | eng |
| Abstract: | This article quantifies the effect of incentives related to potential membership on institutional change using data from the World Bank Governance Indicators. Based on a panel of 25 transition countries for 1996-2008, we demonstrate that pre-accession incentives provided by EU and NATO evidently matter for institutional development. Moreover, path-dependency determined by cultural norms may be overcome by liberalization of the economy, while foreign aid encumbers institutional development. |
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