Governance Trends among European Union Countries: Is There Institutional Convergence?

23 Pages Posted: 4 Feb 2020

See all articles by Valentina Vučković

Valentina Vučković

University of Zagreb

Ruzica Simic Banovic

University of Zagreb, Faculty of Law, Dpt of Economics

Martina Basarac Sertić

Croatian Academy of Sciences and Arts

Date Written: August 20, 2019

Abstract

The goal of this paper is twofold. First, to review the existing body of knowledge dealing with the questionable convergence of Eastern European countries as a possible consequence of both the transfer of selected Western formal institutions to those countries and the adoption of the acquis communautaire. It is an issue dating back to the beginning of 1990s when the predominant expectation was that successful formal institutions in Western countries would yield the same results in transitional countries. Using the descriptive statistics, we show that this is a misconception and that it is highly unlikely that Mediterranean and CEE countries will catch up with the three leading groups (Liberal, Nordic and Continental countries) in the coming decades. Next, we focused on quantitative analysis of sigma and beta convergence based on governance trends in the EU in the last two decades. The obtained results also demonstrate rather divergent paths, with Liberal, Nordic and Continental countries performing much better than Mediterranean and CEE countries.

Keywords: convergence, divergence, governance, transition, Eastern Europe, institutions

JEL Classification: P21, P39, P51

Suggested Citation

Vučković, Valentina and Simic Banovic, Ruzica and Basarac Sertić, Martina, Governance Trends among European Union Countries: Is There Institutional Convergence? (August 20, 2019). Available at SSRN: https://ssrn.com/abstract=3528519 or http://dx.doi.org/10.2139/ssrn.3528519

Valentina Vučković

University of Zagreb ( email )

Trg maršala Tita 14
Zagreb
Croatia

Ruzica Simic Banovic (Contact Author)

University of Zagreb, Faculty of Law, Dpt of Economics ( email )

Trg Republike Hrvatske 14
Zagreb, 10000
Croatia

Martina Basarac Sertić

Croatian Academy of Sciences and Arts ( email )

Trg Nikole Šubića Zrinskog 11
Zagreb
Croatia

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