Analysis of the State Failure in Several Post-Communist Countries from the Perspective of Institutional Quality and Path Dependence

This paper investigates the relationship between the state failure and institutional quality and path dependence in post-communist world using a sample of 25 countries. Cluster analysis, principal components analysis and econometric modelling are used as research methods in order to show that within...

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Bibliographic Details
Published in:TRANSFORMATIONS IN BUSINESS & ECONOMICS 2015-01, Vol.14 (2A), p.313-313
Main Authors: Iacobuta, Andreea-Oana, Pohoata, Ion
Format: Article
Language:English
Subjects:
Cluster analysis
Econometrics
Organization theory
Organizational change
Principal components analysis
Studies
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Summary:This paper investigates the relationship between the state failure and institutional quality and path dependence in post-communist world using a sample of 25 countries. Cluster analysis, principal components analysis and econometric modelling are used as research methods in order to show that within the perimeter of the analysed sample, the state failure is essentially the result of the poor quality of institutional arrangements. The material factors contribute to this explanation but not fundamentally. The authors as well show that the path dependence is stronger and the chance to modern development is lower in those countries where institutional reforms were not carried through. [web URL: http://www.transformations.khf.vu.lt/35a/article/anal]
ISSN:1648-4460
2538-872X