Institutional development in transition economies
- To understand the divergent institutional development in transition economies, we examine the role of institutional experience from the pre-Soviet era in institution-building after the dissolution of the Soviet Union. To measure institutional experience, we construct an index that captures previous experience with independent non-Soviet institutions. A cross-sectional analysis shows that institutional experience is statistically significantly associated with the quality of political, administrative, and legal institutions in transition economies today. To provide a more comprehensive picture and to control for confounding factors, in a second step, we apply a Hausman-Taylor estimator on panel data. This analysis confirms the positive relationship between institutional experience and institutional development. Moreover, the results suggest that the association between institutional experience and political institutions is stronger than the association to the other dimensions of institutions. Overall, the analysis highlights theTo understand the divergent institutional development in transition economies, we examine the role of institutional experience from the pre-Soviet era in institution-building after the dissolution of the Soviet Union. To measure institutional experience, we construct an index that captures previous experience with independent non-Soviet institutions. A cross-sectional analysis shows that institutional experience is statistically significantly associated with the quality of political, administrative, and legal institutions in transition economies today. To provide a more comprehensive picture and to control for confounding factors, in a second step, we apply a Hausman-Taylor estimator on panel data. This analysis confirms the positive relationship between institutional experience and institutional development. Moreover, the results suggest that the association between institutional experience and political institutions is stronger than the association to the other dimensions of institutions. Overall, the analysis highlights the importance of institutional experience and provides a rationale for the persistency of institutions.…
| Author details: | Ulrich Leonard EydamORCiDGND, Irakli GabriadzeGND |
|---|---|
| DOI: | https://doi.org/10.1080/1060586X.2020.1848171 |
| ISSN: | 1060-586X |
| ISSN: | 1938-2855 |
| Title of parent work (English): | Post-Soviet affairs |
| Subtitle (English): | the role of institutional experience |
| Publisher: | Routledge, Taylor & Francis Group |
| Place of publishing: | Abingdon |
| Publication type: | Article |
| Language: | English |
| Date of first publication: | 2020/11/22 |
| Publication year: | 2021 |
| Release date: | 2023/03/16 |
| Tag: | collective memory; comparative development; institutions; post-Soviet; space; transition economies |
| Volume: | 37 |
| Issue: | 2 |
| Number of pages: | 20 |
| First page: | 99 |
| Last Page: | 118 |
| Funding institution: | Shota Rustaveli National Science Foundation (SRNSF) [PhD-F-17-137] |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften / Fachgruppe Volkswirtschaftslehre |
| DDC classification: | 3 Sozialwissenschaften / 32 Politikwissenschaft / 320 Politikwissenschaft |
| Peer review: | Referiert |
