IDEAS home Printed from https://ideas.repec.org/h/ibg/chaptr/euinpro-27.html
   My bibliography  Save this book chapter

Importance of the EU Integration Process for the Improvement of Legal Environment in Western Balkan Countries

In: European Integration Process in Western Balkan Countries

Author

Listed:
  • Slavica Penev

    (Institute of Economic Sciences)

  • Andreaj Marusic

    (Balkan Center for Regulatory Reform, Belgrade)

Abstract

This chapter aims to focus and further develop the issue of the importance of the EU integration process for the improvement of the regulatory quality and rule of law in Western Balkan countries. The process of legislative reforms started in parallel with their transition process from socialist to free market economies. It was mostly ad hoc and focused on key economic laws. The EU process accelerated legislative reforms, contributing to a more systemic approach in the creation of a new legal system. The improvement of the quality of regulations and their implementation is of crucial importance for the creation of a more favourable business environment, especially in the period of economic crisis. The region could benefit from the EU’s “smart regulation” approach by making regulatory reform a key vehicle for promoting support for economic recovery in the post-crisis period. Institutional infrastructure is of utmost importance for the efficient implementation of laws. Regional co-operation is an essential factor for political stability and economic prosperity. The harmonization of national legislation with the acquis will lead to the harmonization of the legislation within the region as well, positively influencing the quality of regional legal and regulatory environment. The chapter begins with the chronology of the legislative reforms in the region. The second part gives the progress achieved in the EU accession process, while the third part analyses the influence of the EU accession process on their legal environment. The chapter concludes with the importance of the regional harmonization of the national legal systems, for the creation of a favourable investment climate on the regional level.

Suggested Citation

  • Slavica Penev & Andreaj Marusic, 2012. "Importance of the EU Integration Process for the Improvement of Legal Environment in Western Balkan Countries," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 27, pages 529-544, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:euinpro-27
    as

    Download full text from publisher

    File URL: http://www.ien.bg.ac.rs/images/stories/download/eurointprocess_ch27.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 1-37.
    2. Colin Kirkpatrick & David Parker (ed.), 2007. "Regulatory Impact Assessment," Books, Edward Elgar Publishing, number 3846.
    3. Peter Sanfey & Simone Zeh, 2012. "Making sense of competitiveness indicators in south-eastern Europe," Working Papers 145, European Bank for Reconstruction and Development, Office of the Chief Economist.
    4. Slavica Penev & Andreja Marušić, 2009. "Regualtory Reform In Five Western Balkan Countries: Evidence And Perspectives," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 54(182), pages 40-66, July – Se.
    5. George Gelauff & Arjan Lejour, 2006. "Five Lisbon highlights; the economic impact of reaching these targets," CPB Document 104, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2007. "The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis," World Development, Elsevier, vol. 35(1), pages 87-103, January.
    7. Sanjay Kathuria, 2008. "Western Balkan Integration and the EU : An Agenda for Trade and Growth," World Bank Publications - Books, The World Bank Group, number 6446.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Slavica Penev & Andreja Marusic, 2011. "Countries and Its Significance for Their EU Accession Process," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 8, pages 107-128, Institute of Economic Sciences.
    2. Alanda Venter & Roula Inglesi-Lotz, 2021. "Does institutional quality affect electricity supply? A panel SUR estimation," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2021(2), pages 77-99.
    3. Slavica Penev & Matija Rojec, 2014. "The Future Of Fdi In South Eastern European Countries: Messages From New Eu Member States," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(202), pages 43-68, July – Se.
    4. Wim Marneffe & Bas Aarle & Lode Vereeck, 2013. "Regulatory delay and growth: a cross country analysis," European Journal of Law and Economics, Springer, vol. 35(3), pages 385-396, June.
    5. Slavica Penev & Andreja Marušić, 2009. "Regualtory Reform In Five Western Balkan Countries: Evidence And Perspectives," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 54(182), pages 40-66, July – Se.
    6. Mario Coccia, 2020. "Effects of the institutional change based on democratization on origin and diffusion of technological innovation," Papers 2001.08432, arXiv.org.
    7. Zuazu, Izaskun, 2019. "The growth effect of democracy and technology: An industry disaggregated approach," European Journal of Political Economy, Elsevier, vol. 56(C), pages 115-131.
    8. Matija Rejec & Slavica Penev, 2011. "Attractiveness of Western Balkan Countries for FDI," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 2, pages 27-46, Institute of Economic Sciences.
    9. Johan Willner, 2003. "Privatisation and Public Ownership in Finland," CESifo Working Paper Series 1012, CESifo.
    10. Kowalewski, Oskar, 2023. "Organizational mode choices of multinational banks abroad," Global Finance Journal, Elsevier, vol. 57(C).
    11. Francesco Trebbi & Miao Ben Zhang, 2022. "The Cost of Regulatory Compliance in the United States," NBER Working Papers 30691, National Bureau of Economic Research, Inc.
    12. Aidis, Ruta & Adachi, Yuko, 2007. "Russia: Firm entry and survival barriers," Economic Systems, Elsevier, vol. 31(4), pages 391-411, December.
    13. Sébastien Marchand, 2012. "Legal Origin, Colonial Origins and Deforestation," Economics Bulletin, AccessEcon, vol. 32(2), pages 1653-1670.
    14. Francesco Caselli & Nicola Gennaioli, 2008. "Economics and Politics of Alternative Institutional Reforms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 1197-1250.
    15. Nilanjan Banik & John Gilbert, 2010. "Regional Integration and Trade Costs in South Asia," Chapters, in: Douglas H. Brooks & Susan F. Stone (ed.), Trade Facilitation and Regional Cooperation in Asia, chapter 4, Edward Elgar Publishing.
    16. Haidar, Jamal Ibrahim, 2012. "The impact of business regulatory reforms on economic growth," Journal of the Japanese and International Economies, Elsevier, vol. 26(3), pages 285-307.
    17. Robert MacCulloch & Silvia Pezzini, 2010. "The Roles of Freedom, Growth, and Religion in the Taste for Revolution," Journal of Law and Economics, University of Chicago Press, vol. 53(2), pages 329-358, May.
    18. Rakesh Sambharya & Martina Musteen, 2014. "Institutional environment and entrepreneurship: An empirical study across countries," Journal of International Entrepreneurship, Springer, vol. 12(4), pages 314-330, December.
    19. Masashige Hamano & Pierre M. Picard, 2017. "Extensive and intensive margins and exchange rate regimes," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 804-837, August.
    20. Dennis, Allen & Shepherd, Ben, 2007. "Trade costs, barriers to entry, and export diversification in developing countries," Policy Research Working Paper Series 4368, The World Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibg:chaptr:euinpro-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zorica Bozic (email available below). General contact details of provider: https://edirc.repec.org/data/ienbgyu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.