Transition from Hybrid Regime to Democracy and Economic Performance: Case Studies of Croatia and Serbia

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

Transition from Hybrid Regime to Democracy and Economic Performance: Case Studies of Croatia and Serbia

Popis výsledku v původním jazyce

The main aim of the paper is to explore whether the transition from hybrid regime to democracy is associated with higher economic performance in the context of post-socialist area. The paper is focused on two Balkan countries, namely Croatia and Serbia, which executed the change of the political regime at the turn of the 21st century. Recently developed Synthetic Control Method is used as the basic instrument, since this method enables comparison of real and counterfactual (synthetic) economic performance during the periods before (1991 to 1999/2000) and after (2000/2001 to 2014) the change of regime. Similar countries are necessary for computing of counterfactual values, therefore the paper uses countries classified as hybrid regimes for most of the observed period according to several independent sources. The findings indicate Croatian transition to democracy, which happened after the fall of the Tudjman regime, led to higher economic performance, whereas in the case of Serbia, the transition has not been successful.

Název v anglickém jazyce

Transition from Hybrid Regime to Democracy and Economic Performance: Case Studies of Croatia and Serbia

Popis výsledku anglicky

The main aim of the paper is to explore whether the transition from hybrid regime to democracy is associated with higher economic performance in the context of post-socialist area. The paper is focused on two Balkan countries, namely Croatia and Serbia, which executed the change of the political regime at the turn of the 21st century. Recently developed Synthetic Control Method is used as the basic instrument, since this method enables comparison of real and counterfactual (synthetic) economic performance during the periods before (1991 to 1999/2000) and after (2000/2001 to 2014) the change of regime. Similar countries are necessary for computing of counterfactual values, therefore the paper uses countries classified as hybrid regimes for most of the observed period according to several independent sources. The findings indicate Croatian transition to democracy, which happened after the fall of the Tudjman regime, led to higher economic performance, whereas in the case of Serbia, the transition has not been successful.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 14th International Scientific Conference: Economic Policy in the European Union Member Countries

ISBN

978-80-7510-210-2

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

399-407

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Opava

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200042