The Flexibility of Institutional Environment and Economic Performance in EU Countries

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Flexibility of Institutional Environment and Economic Performance in EU Countries

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Flexibility of Institutional Environment and Economic Performance in EU Countries

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 4th International Conference on European Integration 2018

ISBN

978-80-248-4169-4

ISSN

2571-029X

e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

1401-1408

Název nakladatele

Vysoká škola báňská-Technická univerzita Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

17. 5. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000462093400159