The Flexibility of Institutional Environment and Economic Performance in EU Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39913350" target="_blank" >RIV/00216275:25410/18:39913350 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Flexibility of Institutional Environment and Economic Performance in EU Countries
Original language description
This paper examines the impact of institutional flexibility and institutional quality and their interactions on economic performance. Studies show that while institutional quality reduces transaction market costs, this leads to an immediate but short-term growth in economic growth. On the contrary, the increase in institutional flexibility leads to a steady growth. This paper suggests that past institutional studies place too much emphasis on the stability of institutional settings. The aim of the research is to provide new insights on the issue of institutional flexibility and quality in terms of economic performance. The analytical part of research focuses on the characteristics of the EU states in the period 1996-2016. The results show significant effects of institutional flexibility and quality measures on economic performance.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 4th International Conference on European Integration 2018
ISBN
978-80-248-4169-4
ISSN
2571-029X
e-ISSN
neuvedeno
Number of pages
8
Pages from-to
1401-1408
Publisher name
Vysoká škola báňská-Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 17, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000462093400159

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