Misuse of institutions and economic performance: some evidence from Serbia

IF 2.2 3区经济学 Q2 ECONOMICS

Post-Communist Economies Pub Date : 2023-05-07 DOI:10.1080/14631377.2023.2209344

Marko Tmušič

引用次数: 0

Abstract

ABSTRACT Having in mind the current global trends and the transition processes, it is necessary to explain the role, influence, and importance of institutions in providing conditions for economic growth and development. Theory has proven, and practice confirms, that the institutional structure (the way of forming institutions, decision-making process, decision-making effectiveness, and economic justification of goals) is one of the most important factors in achieving macroeconomic stability and economic development. This article explores the impact of the quality of institutions on the economic performance of the Republic of Serbia. A comparative analysis of the content of relevant institutional indicators and their economic effects shows the institutional matrix of possible misuse of political and economic institutions in the direction of realising short-term political goals, to the detriment of long-term sustainable economic growth and development of the Serbian economy.

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制度滥用与经济绩效:来自塞尔维亚的一些证据

考虑到当前的全球趋势和转型过程，有必要解释制度在为经济增长和发展提供条件方面的作用、影响和重要性。理论证明，实践证实，制度结构(制度形成方式、决策过程、决策有效性和目标的经济合理性)是实现宏观经济稳定和经济发展的最重要因素之一。本文探讨了机构质量对塞尔维亚共和国经济绩效的影响。对有关体制指标的内容及其经济影响的比较分析表明，在实现短期政治目标的方向上可能滥用政治和经济体制，损害塞尔维亚经济的长期可持续经济增长和发展的体制矩阵。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Post-Communist Economies ECONOMICS-

CiteScore

4.90

自引率

18.20%

发文量

期刊介绍： Post-Communist Economies publishes key research and policy articles in the analysis of post-communist economies. The basic transformation in the past two decades through stabilisation, liberalisation and privatisation has been completed in virtually all of the former communist countries, but despite the dramatic changes that have taken place, the post-communist economies still form a clearly identifiable group, distinguished by the impact of the years of communist rule. Post-communist economies still present distinctive problems that make them a particular focus of research.