Drautzburg, Thorsten; Melnykovska, Inna; Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 2008
This paper analyses potential internal and external determinants of institutional change as measured by the World Bank Governance Indicators (WBGI) based on a panel of 25 transition countries for the period from 1996 to 2005. We show that natural resources and capital inflows exert an...