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AAK - Acta academica karviniensia

číslo 2017/1
THE IMPORTANCE OF GOVERNANCE QUALITY FOR ECONOMIC GROWTH IN POST-SOVIET COUNTRIES
[Význam kvality správy pro ekonomický růst v postsovětských zemích]
ISSN:
1212-415X (Print)
2533-7610 (Online)
Year [Rok]:
2017
Volume [Ročník]:
XVII
Issue [Číslo]:
1
Authors [Autoři]:
Radek Náplava, Luděk Kouba
Abstract [Abstrakt]:
The purpose of this paper is to address a relation between governance quality and long-run growth using a case of post-soviet transition countries. Alternative approaches to the growth theory emphasize the role of formal institutions, in particular, political and economic institutions. Based on literature overview, a positive effect of governance quality can be assumed. Governance quality is represented by concept of World Bank's Governance Matters and its influence is estimated within panel data analysis. The results confirm the assumptions. Furthermore, they indicate the importance of political stability and negative impact of voice and accountability.
Keywords [Klíčová slova]:
Economic Growth, Formal Institutions, Governance Matters, Panel Data Analysis, Post-soviet Countries
JEL classification [JEL klasifikace]:
O43, P48
Page range [Rozpětí stran]:
65 - 75
Full version [Plná verze]: