Is Sustainable Development Conceivable without Institutions? Evidences from Romania

48th Congress of the European Regional Science Association Conference Paper

11 Pages Posted: 23 Apr 2009 Last revised: 3 Dec 2014

See all articles by Andreea Oana Iacobuta

Andreea Oana Iacobuta

"Alexandru Ioan Cuza" University of Iasi, Faculty of Economics and Business Administration

Ion Pohoata

Alexandru Ioan Cuza University

Date Written: April 23, 2009

Abstract

Majority of the economic literature acknowledge the fact that the ability of a country to follow sustainable development paths largely depends on the quality of its institutional structures. In other words, efficient institutions are essential to achieving sustainable development. This paper aims at analyzing the relationship between institutions and sustainable development in Romania. The first part of the paper gives a descriptive presentation of the key issues related to sustainable development and its determinants, focusing on the role of institutions. This framework will be applied to aspects regarding the institutional arrangements in Romanian economy in order to evaluate its ability to achieve sustainable development. There will be analyzed several governance indicators (data measuring aspects of governance such as Voice and Accountability, Rule of Law etc.) and indicators of sustainable development. Starting from the premise that it is not the increasing number of created institutions which really matters but developing good institutions which enhance progress and economic growth, we will subsequently focus on policies and strategies for improving and strengthening the existing institutions in order to support sustainable development.

Keywords: sustainable development, institutions, economic growth, environment, policy

JEL Classification: D02, O43, P28, Q01, Q58

Suggested Citation

Iacobuta, Andreea Oana and Pohoata, Ion, Is Sustainable Development Conceivable without Institutions? Evidences from Romania (April 23, 2009). 48th Congress of the European Regional Science Association Conference Paper. Available at SSRN: https://ssrn.com/abstract=1393666

Andreea Oana Iacobuta (Contact Author)

"Alexandru Ioan Cuza" University of Iasi, Faculty of Economics and Business Administration ( email )

22nd Carol I Ave.
Iasi, 700505
Romania

Ion Pohoata

Alexandru Ioan Cuza University ( email )

Carol I Blvd, Nr.11
Lasi, 700506
Romania

Register to save articles to
your library

Register

Paper statistics

Downloads
151
Abstract Views
892
rank
196,316
PlumX Metrics