View More View Less
  • 1 Faculty of Economics, University of Ljubljana Kardeljeva ploscad 17, 1000 Ljubljana, Slovenia
Restricted access

The article examines the significance of institutional quality for economic performance during transition. Institutions are the rules of the game. In any economy the most important institutions are the legal system, the state, the structure of the financial system and the system of international relations. The process of economic transition in Central and Eastern Europe was mainly a process of massive institutional changes which were spurred by economic causes and also themselves had significant economic consequences. The article examines the institutional changes in transition economies and shows that institutions matter. The first decade of transition gave the impression that it is important to build as good institutional framework as possible and as fast as possible. But today, with the quick growth of some South Eastern European economies, it seems not to hold that the better the institutions the better the economic performance, but rather to (at least) establish some satisfactory level of institutional quality is important to resume growth, which can also be assisted by foreign capital.

  • Schmielding, H. (1993): From Plan to Market: On the Nature of the Transformation Crisis. Weltwirtschaftliches Archiv 129(2): 216-253.

    'From Plan to Market: On the Nature of the Transformation Crisis ' () 129 Weltwirtschaftliches Archiv : 216 -253.

    • Search Google Scholar
  • Bevan, A. A. - Estrin, S. (2000): The Determinants of Foreign Direct Investment in Transition Economies. WDI Working Paper No. 342.

  • Gomulka, S. (1995): The Puzzles of Fairly Fast Growth and Rapid Collapse under Socialism. In: Koo, B. H. - Perkins, D. H. (eds): Social Capability and Long-term Economic Growth. New York: MacMillan.

    The Puzzles of Fairly Fast Growth and Rapid Collapse under Socialism , ().

  • Gomulka, S. (1998): Output: Causes of Decline and Recovery. In: Boone, P. - Gomulka, S. -Layard, R.: Emerging from Communism: Lessons from Russia, China and Eastern Europe. Cambridge: MIT Press.

    Output: Causes of Decline and Recovery , ().

  • Gomulka, S. (2000): Macroeconomic Policies and Achievements in Transition Economies 1989-99, Economic Survey of Europe.

  • Gomulka, S. - Lane, J. (2001): The Transformational Recession under a Resources Mobility Constraint. Journal of Comparative Economics, 29: 403—416.

    'The Transformational Recession under a Resources Mobility Constraint ' () 29 Journal of Comparative Economics : 403 -416.

    • Search Google Scholar
  • Heritage Foundation: www.heritagefundation.com.

  • Kornai, J. (1992): The Socialist System. Oxford: Oxford University Press.

    The Socialist System. , ().

  • Rodrik, D. (1992): Institutions for high quality growth: What they are and how to acquire them. NBER Working Paper No. 7540.

  • Levine, R. - Renelt, D. (1992): A Sensitivity Analysis of Cross-Country Growth Equations. American Economic Review, 82(4): 942-963.

    'A Sensitivity Analysis of Cross-Country Growth Equations ' () 82 American Economic Review : 942 -963.

    • Search Google Scholar
  • Roland, G. (2000): Transition and Economics: Politics, Markets and Firms. Cambridge, MA: MIT Press.

    Transition and Economics: Politics, Markets and Firms. , ().

  • Gomulka, S. (1986): Growth, Innovation and Reform in East Europe. London: Wheatsheaf Books.

    Growth, Innovation and Reform in East Europe. , ().

  • Ellman, M. (1989): Socialist Planning. London: Cambridge University Press.

    Socialist Planning. , ().

  • Estrin, S. - Lazarova, S. (2001): Testing for Ongoing Convergence in Transition Economies, 1970-98. Journal of Comparative Economics, 29(4): 677-691.

    'Testing for Ongoing Convergence in Transition Economies, 1970-98 ' () 29 Journal of Comparative Economics : 677 -691.

    • Search Google Scholar
  • Caballero R. - Hammour, M. L. (2000): Creative Destruction and Development: Institutions, Crises and Restructuring. NBER Working Paper No. 7849.

  • Economists Intelligence Unit: www.eiu.com.

  • Fraser Institute: www.fraserinstitute.org.

  • Freedom House: www.freedomhouse.org.

  • Garibaldi, P. - Mora, N. - Zettelmeyer, J. (2002): What Moves Capital to Transition Economies? IMF Working Paper, WP/02/64.

  • Rosati, D. K. (1994): Output Decline During Transition from plan to market. The Economics of Transition 2(4).

    'Output Decline During Transition from plan to market ' () 2 The Economics of Transition .

    • Search Google Scholar
  • North, D. (1990): Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.

    Institutions, Institutional Change and Economic Performance. , ().

  • Blanchard, O. - McKremer, D. (1997): Disorganization. Quarterly Journal of Economics, 112: 1091-1126.

    'Disorganization ' () 112 Quarterly Journal of Economics : 1091 -1126.

The author instruction is available in PDF.
Please, download the file from HERE.
 
The Open Access statement together with the description of the Copyright and License Policy are available in PDF.
Please, download the file from HERE.

Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
  • György WALTER (Corvinus University Budapest)
  • Zoltán CSEDŐ (Corvinus University Budapest)
  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
Institute: Corvinus University of Budapest
Address: Fővám tér 8. H-1093 Budapest, Hungary
Phone: (36 1) 482 5406
E-mail: balazs.szentivanyi@uni-corvinus.hu

Indexing and Abstracting Services:

  • DOAJ
  • International Bibliographies IBZ and IBR
  • International Political Science Abstracts
  • JSTOR
  • SCOPUS
  • RePEc
  • Referativnyi Zhurnal

 

2020  
Scimago
H-index
11
Scimago
Journal Rank
0,157
Scimago
Quartile Score
Business and International Management Q4
Economics, Econometrics and Finance (miscellaneous) Q4
Industrial Relations Q4
Public Administration Q4
Sociology and Political Science Q3
Strategy and Management Q4
Scopus
Cite Score
103/117=0,9
Scopus
Cite Score Rank
Business and International Management 305/399 (Q4)
General Economics, Econometrics and Finance 137/243 (Q3)
Industrial Relations 40/54 (Q3)
Public Administration 116/165 (Q3)
Sociology and Political Science 665/1269 (Q3)
Strategy and Management 351/440 (Q4)
Scopus
SNIP
0,171
Scopus
Cites
157
Scopus
Documents
24
Days from submission to acceptance 148
Days from acceptance to publication 50

 

2019  
Scimago
H-index
10
Scimago
Journal Rank
0,228
Scimago
Quartile Score
Business and International Management Q3
Economics, Econometrics and Finance (miscellaneous) Q3
Industrial Relations Q3
Public Administration Q3
Sociology and Political Science Q3
Strategy and Management Q3
Scopus
Cite Score
87/110=0,8
Scopus
Cite Score Rank
Business and International Management 286/394 (Q3)
General Economics, Econometrics and Finance 125/228 (Q3)
Industrial Relations 38/58 (Q3)
Public Administration 114/157 (Q3)
Sociology and Political Science 645/1243 (Q3)
Strategy and Management 330/427 (Q4)
Scopus
SNIP
0,308
Scopus
Cites
132
Scopus
Documents
22

 

Society and Economy
Publication Model Gold Open Access
Submission Fee none
Article Processing Charge 900 EUR/article
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Sufficient number of full waiver available. Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Gold Open Access
Purchase per Title  

Society and Economy
Language English
Size B5
Year of
Foundation
1972
Publication
Programme
2021 Volume 43
Volumes
per Year
1
Issues
per Year
4
Founder Budapesti Corvinus Egyetem
Founder's
Address
H-1093 Budapest, Hungary Fővám tér 8.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 1588-9726 (Print)
ISSN 1588-970X (Online)