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INSTITUTIONAL CHANGES IN EMERGING EUROPE Abstract : The recent global economic crisis has created new conditions and situations for the economic environment and therefore, in this context the rethinking of the institutional system is mandatory. The present paper seeks to propose an empirical model and aims at capturing the interdependencies between the institutional changes and the economic progress in the European emerging countries, in order to emphasize that institutions are the key elements in the process of economic growth. After briefly reviewing the most relevant literatures that have documented the variety of the institutional changes, the paper focuses on the amplitude of the phenomena of institutional changes from the European emerging countries. The research tries to establish a “stimulus – effect†relationship between the changing of the institutional environment and the rate of economic growth and human development. The conclusions for the methodological aspects illustrate that the level of social and economic development is a natural result of the quality of the institutional environment

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  • Oana Georgiana AMARANDEI

    (PhD Fellow, SOP HRD/159/1.5/S/133675 Project, Romanian Academy Iaşi Branch, 700481, Romania Doctoral School of Economics and Business Administration, „Alexandru Ioan Cuza†University of Iaşi, 700057, Romania)

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  • Oana Georgiana AMARANDEI, 2015. "INSTITUTIONAL CHANGES IN EMERGING EUROPE Abstract : The recent global economic crisis has created new conditions and situations for the economic environment and therefore, in this context the rethinki," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 4(Special I), pages 1-14, august.
    • Handle: RePEc:scm:ecofrm:v:4:y:2015:i:s1:p:14
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    References listed on IDEAS

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    1. Ms. Li L Ong & Silvia Iorgova, 2008. "The Capital Markets of Emerging Europe: Institutions, Instruments and Investors," IMF Working Papers 2008/103, International Monetary Fund.
    2. Thomas Hellmann & Kevin Murdock & Joseph Stiglitz & Andrew Sheng, 1998. "Financial Restraint and the Market Enhancing View," International Economic Association Series, in: Yujiro Hayami & Masahiko Aoki (ed.), The Institutional Foundations of East Asian Economic Development, chapter 9, pages 255-284, Palgrave Macmillan.
    3. Friedrich, Christian & Schnabel, Isabel & Zettelmeyer, Jeromin, 2013. "Financial integration and growth — Why is Emerging Europe different?," Journal of International Economics, Elsevier, vol. 89(2), pages 522-538.
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