Institution Building and Spillovers

University of Singapore, School of Public Policy Working Paper No. 40-03

15 Pages Posted: 11 Jan 2006

See all articles by Jan-Erik Lane

Jan-Erik Lane

University of Geneva - Department of Political Economics

Dominic Rohner

University of Zurich

Date Written: 2003

Abstract

This paper investigates the importance of institution building for economic growth in transition economies of Eastern Europe and CIS-States. Using recent data, it shows that even in a Guardian State, institutions like property rights protection, administration efficiency, and general rule of law matter. They appear to be even more crucial for economic take-off than standard economic factors like for example macroeconomic policy. Moreover, this paper finds that there are important spillover effects in institution building, and that countries which get one specific institution right, have also better chances to succeed in making other specific institutions work properly.

Keywords: institution building, Guardian State, spillovers, transiton

JEL Classification: C21, D23, H50, K11, K42, P30

Suggested Citation

Lane, Jan-Erik and Rohner, Dominic, Institution Building and Spillovers (2003). University of Singapore, School of Public Policy Working Paper No. 40-03, Available at SSRN: https://ssrn.com/abstract=873674 or http://dx.doi.org/10.2139/ssrn.873674

Jan-Erik Lane

University of Geneva - Department of Political Economics ( email )

40, boulevard du Pont-d'Arve
Geneva 4, CH-1211
Switzerland

Dominic Rohner (Contact Author)

University of Zurich ( email )

Muehlebachstrasse 86
Zurich, 8008
Switzerland

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