Tommaso, Maria L. Di; Raiser, Martin; Weeks, Melvyn - In: Economic Journal 117 (2007) 520, pp. 858-881
In this article we examine the determinants of institutional change using a panel dataset comprising 25 transition economies. A defining characteristic of our approach is that we treat institutional change as a multidimensional unobserved variable, accounting for the fact that each of our...