Institutional complementarity, economic performance and governance in the post-communist world

Markus, Stanislav; Mendelski, Martin

doi:10.1057/cep.2013.26

Cited by 9 publications

(7 citation statements)

References 47 publications

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“…In the existing literature, studies on the relationship between governance and economic growth have increasingly developed. The impacts of the total level of governance and governance components on economic growth performance are investigated in existing empirical studies (see Olson et al, 2000;Gerry et al, 2010;Sarker & Rahman, 2007;Markus & Mendelski, 2015;Wilson, 2016;Rajkumar & Swaroop, 2008;Cooray, 2009;Attila, 2009). Rajkumar and Swaroop (2008) find that poor quality of governance cannot improve economic performance in 91 countries over three years (1990,1997,2003).…”

Section: Literature Reviewmentioning

confidence: 99%

Local governance, private investment and economic growth: The case of Vietnamese provinces

Thanh

Hoai

2017

JED

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The study examines the role of local governance in the relationship between private investment and economic growth at provincial level in Vietnam. The study data consists of 63 Vietnamese provinces in the period of 2005-2013. Provincial Competitiveness Index (PCI) is a proxy for local governance. Estimated by two-step System Generalized Methods of Moments, the study shows interesting results. First, local governance and private investment have significant effects on economic growth. Second, the growth effect of private investment is strengthened when interacted with the high level of PCI. Third, interacting PCI sub-indices with private investment, the results show that some aspects of PCI are still barriers to the growth effect of private investment, namely entry cost, time cost, informal charges, and policy biases. Our findings suggest that local governments should make local governance better to improve the growth effect of private investment.

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Section: Literature Reviewmentioning

confidence: 99%

Local governance, private investment and economic growth: The case of Vietnamese provinces

Thanh

Hoai

2017

JED

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“…For example, Markus and Mendelski have complemented the analysis of economic coordination with detailed attention to governance institutions related to the rule of law. 45 Indeed one could view the DME model as a special case of an HME, in which only one of the two core corporate forms, namely multinational enterprises, is prominent (Bohle and Greskovits,p. 11).…”

Section: Bohle and Greskovits Capitalist Diversity On Europe's Peripmentioning

confidence: 99%

Global Varieties of Capitalism

Feldmann¹

2018

World Pol.

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This article analyzes the prospects for globalizing the varieties of capitalism (voc) debate. It identifies and compares firm-centered, governance-centered, and state-centered approaches to extending the debate on capitalist diversity, and discusses the distinctive contributions of each approach as well as the trade-offs between them. The author draws on three agenda-setting volumes that engage with thevocframework and study capitalist diversity in three regions not usually covered by this literature: Latin America, East and Southeast Asia, and East Central Europe. As these regions play an increasingly important role in the world economy, this article examines what the books imply about the current state of knowledge about globalvoc. The author argues that the extension of thevocdebate to these parts of the world is important for advancing the understanding of economic institutions; the approach can reinvigorate research on capitalist diversity and the institutional foundations of economic development in the current era of globalization.

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“…Gospel et al., 2014; Thelen, 2014). A burgeoning strand of literature also analyses capitalist systems on the EU’s periphery by attempting to find suitable typologies for peripheral economies (Ban, 2013; Farkas, 2011; Markus and Mendelski, 2015). Most notably, Nölke and Vliegenthart (2009) identified dependence on foreign direct investment (FDI) as a distinctive feature of peripheral economies.…”

Section: Introductionmentioning

confidence: 99%

Transnational capital unbound? A critical institutionalist perspective on the marketization of corporate control in Serbia and Turkey

Maisenbacher

2018

Competition & Change

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Although active markets for corporate control have proliferated beyond liberal market economies, marketization has not become universal and indeed takes different forms. Although there is a growing body of literature that analyses marketization, systemic underlying dynamics shaping the specific trajectory of marketization have been scarcely addressed. Drawing on a critical institutionalist perspective, this article analyzes the marketization of corporate control against the backdrop of the structural problem of overaccumulation and locates the variegated trajectory of marketization in the specific interplay between the state and different capital fractions. This article focuses on Serbia and Turkey. Serbia has witnessed a substantial marketization of corporate control which comprises the adoption of (foreign) investor friendly market-enabling regulations and a growing number of majority acquisitions which were often followed by efficiency-oriented restructurings. By contrast, in Turkey, state capital alliances hampered the marketization of corporate control, and advocated for regulations which still allow for the selective prioritization of certain capital fractions.

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Institutional complementarity, economic performance and governance in the post-communist world

Cited by 9 publications

References 47 publications

Local governance, private investment and economic growth: The case of Vietnamese provinces

Local governance, private investment and economic growth: The case of Vietnamese provinces

Global Varieties of Capitalism

Transnational capital unbound? A critical institutionalist perspective on the marketization of corporate control in Serbia and Turkey

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