Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/250585 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14924
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
One of the strongest stylized facts of the transition is also one of the most unexpected: after 1989 Central and Eastern European and Former Soviet Union countries diverged massively. Institutions are a main reason. The EU anchor thesis posits that the prospect of membership in the European Union (EU) played a key role in filling in the institutional vacuum that followed the collapse of socialism. This chapter examines this thesis and assesses the relevant bodies of evidence, focusing on whether the prospect of EU membership accelerated institutional development and, if so, whether this was indeed associated with improved economic outcomes.
Subjects: 
institutions
european integration
JEL: 
O1
P2
Document Type: 
Working Paper

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