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Development of Formal and Informal Institutions in the Czech Republic and Other New EU Member States Before Their EU Entry: Did the EU Pressure Have Impact?

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  • Adam Geršl

Abstract

The paper compares the quality of the institutional framework of the Czech Republic with other new EU Member States and the EU 15 average using the World Bank data on Governance Indicators and argues that the pressure from the EU institutions during the accession negotiation period to reform the legal framework was not sufficient to improve significantly the business environment. Among factors that prevented the improvement of institutions the influence of strong interest groups, ineffective enforcement of legal rules and corruption are discussed and empirically illustrated using data on "state capture".

Suggested Citation

  • Adam Geršl, 2006. "Development of Formal and Informal Institutions in the Czech Republic and Other New EU Member States Before Their EU Entry: Did the EU Pressure Have Impact?," Prague Economic Papers, Prague University of Economics and Business, vol. 2006(1), pages 78-90.
    • Handle: RePEc:prg:jnlpep:v:2006:y:2006:i:1:id:278:p:78-90
    DOI: 10.18267/j.pep.278
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    References listed on IDEAS

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    1. Hellman, Joel S. & Jones, Geraint & Kaufmann, daniel, 2000. ""Seize the state, seize the day": state capture, corruption, and influence in transition," Policy Research Working Paper Series 2444, The World Bank.
    2. Milada Anna Vachudova, 2001. "The Leverage of International Institutions on Democratizing States: Eastern Europe and the European Union," EUI-RSCAS Working Papers 33, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    3. Kaufmann, Daniel & Kraay, Aart & Mastruzzi, Massimo, 2005. "Governance matters IV : governance indicators for 1996-2004," Policy Research Working Paper Series 3630, The World Bank.
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    More about this item

    Keywords

    business environment; EU enlargement; corruption; institutions;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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