Home Grown or Imported? Initial Conditions, External Anchors and the Determinants of Institutional Reform in the Transition Economies
利用25个转型经济体的面板数据，将制度变革视为多维潜变量，发现制度变革显著依赖初始路径，但经济和政治自由化以及欧盟入盟等外部锚定可在一定程度上打破这种依赖。
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 indicators represents a noisy signal. Our results suggest that institutional change is significantly path dependent. However, policy can to some extent break this dependence through economic and political liberalisation at the start of the transition and with the help of an external anchor such as EU accession. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.