Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121158
Authors: 
Danne, Christian
Year of Publication: 
2015
Series/Report no.: 
FIW Working Paper 157
Abstract: 
This paper constructs agreement specific instruments in order to estimate the effect of membership in a regional cooperation agreement (RCA) on institutional change. For a sample of 144 emerging and developing economies, the results show that membership in a RCA explains a significant part of the cross country variation in institutional reforms. EU and NATO-related agreements are an important reason why emerging markets in Eastern Europe and Central Asia have been better reformers despite their socialistic heritage. RCAs are a main factor why African economies are still doing very poorly in terms of institutional reforms. I show that the construction of the RCA and the willingness delegate sovereignty is behind the effect on institutions and is an important.
Subjects: 
Economic institutions
reforms
regional cooperation
JEL: 
F53
F55
H11
O11
O19
Document Type: 
Working Paper

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