Governance Trends among New EU Member States: Is There Institutional Convergence?
Abstract
:1. Introduction
2. Institutional Change and Varieties of Capitalism Approach
3. Role of Governance in Post-Socialist Institutional Convergence
4. Empirical Assessment of Institutional Convergence in CEECs
4.1. Quantitative Analysis of Institutional Quality in EU Based on the VoC Approach
4.2. Sigma (σ) and Unconditional β-Convergence
5. Discussion
6. Conclusions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Indigenously Introduced Endogenous Institutions (IEN) | Indigenously Introduced Exogenous Institutions (IEX) | Foreign-Introduced Exogenous Institutions (FEX) | |
---|---|---|---|
Institutional emergence | Entirely spontaneously | Exogenously imposed by domestic authority | Created and imposed by outsiders |
Main designers/roots | Local people, their norms and customs | National government | International organisations |
Acceptance by the inhabitants | High desirability because of its harmony with informal institutions | Great likelihood of a gap between institution and informal institutions | Most likely rejection by the host countries |
Distinctiveness | Institutionalised informal practices | Opposite directions of development: simultaneous familiarity and distance from metis | High probability of ineffectiveness |
“Stickiness” level | Highest: the “stickiest” institutions | Medium: some “stickiness” still kept | Lowest: the greatest lack of “stickiness” |
Examples | Norms of behaviour | Laws, money | Colonial rules, foreign aid initiatives |
Liberal | Nordic | Continental | Mediterranean | CEECs with a Coordinated Market System | CEECs with a Liberal Market System |
---|---|---|---|---|---|
UK | Finland | Belgium | Greece | Hungary | Bulgaria |
Ireland | Denmark | Netherland | Italy | Poland | Slovakia |
Sweden | Germany | Portugal | Czech Republic | Romania | |
Austria | Spain | Croatia | Latvia | ||
France | Slovenia | Estonia | |||
Lithuania |
Countries’ Group Dimension of Institutional Quality | Liberal CEECs | CMS CEECs | Mediterranean | EU25 |
---|---|---|---|---|
RoL | β 0.3274 ** | β −0.6889 * | Model not significant | β −0.3386 *** |
(0.0717) | (0.2330) | (0.1092) | ||
R2 0.27 | R2 0.74 | R2 0.29 | ||
RQ | β −0.2902 ** | β −0.6281 * | Model not significant | β −0.3422 *** |
(0.1057) | (0.2357) | (0.0815) | ||
R2 0.65 | R2 0.70 | R2 0.43 | ||
GE | β 0.4852 * | Model not significant | Model not significant | β −0.2945 *** |
(0.2108) | (0.0958) | |||
R2 0.57 | R2 0.29 | |||
CoC | Model not significant | β −0.6357 * | Model not significant | β −0.2116 ** |
(0.2557) | (0.0835) | |||
R2 0.67 | R2 0.22 | |||
IQavg | Model not significant | β −0.7091 ** | β 0.1259 * | β −0.3110 *** |
(0.2218) | (0.0393) | (0.0799) | ||
R2 0.77 | R2 0.83 | R2 0.39 |
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Vučković, V.; Šimić Banović, R.; Basarac Sertić, M. Governance Trends among New EU Member States: Is There Institutional Convergence? Sustainability 2021, 13, 13822. https://doi.org/10.3390/su132413822
Vučković V, Šimić Banović R, Basarac Sertić M. Governance Trends among New EU Member States: Is There Institutional Convergence? Sustainability. 2021; 13(24):13822. https://doi.org/10.3390/su132413822
Chicago/Turabian StyleVučković, Valentina, Ružica Šimić Banović, and Martina Basarac Sertić. 2021. "Governance Trends among New EU Member States: Is There Institutional Convergence?" Sustainability 13, no. 24: 13822. https://doi.org/10.3390/su132413822