Prague Economic Papers 2006, 15(1):78-90 | DOI: 10.18267/j.pep.278

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?

Adam Geršl
Charles University in Prague, Faculty of Social Sciences, Institute of Economic Studies, Opletalova 26, CZ -11000 Prague 1 and Czech National Bank, Na Příkopě 28, CZ - 115 03 Prague 1 (e-mail: adam.gersl@cnb.cz).

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".

Klíčová slova: business environment, EU enlargement, corruption, institutions
JEL classification: K20, K40, P30

Zveřejněno: 1. leden 2006  Zobrazit citaci

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Geršl, A. (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, 15(1), 78-90. doi: 10.18267/j.pep.278
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    Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.


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