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Discussion or working paper
Ansgar Belke ,
Ingo Bordon ,
Inna Melnykovska ,
Rainer Schweickert Homepage

Prospective Membership and Institutional Change in Transition Countries

  • Abstract
    This paper quantifies the impact of incentives related to potential membership on institutional change as measured by the World Bank Governance Indicators (WBGI). Based on a panel of 25 transition countries for the period from 1996 to 2008 we show that pre-accession incentives provided by EU and NATO clearly matter for institutional development. In addition, path-dependency determined by cultural norms may be overcome by economic liberalization while foreign aid seems to hamper institutional development.

  • Keywords

    EU, NATO, Transition Economies, Institutional Change, Governance

  • JEL classification

    F15, F20, F50, P20, P30, O19

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