The paper describes a concept of economic development based on a non - material resource, such as knowledge. It presents the idea of a knowledge - based economy together with directions of its development. It shows the interdependencies between various institutions operating on the market as the...

Abstract Following their EU15 counterparts, the banking systems of Central and Eastern European (CEE) countries underwent extensive reform since the 1990s. In this paper we estimate the degree of bank market power during the periods of financial reform in each European country, and subsequently...

This paper investigates the speed of institutional development induced by European integration. The hypotheses are the following. The prospect for European countries to join the EU disposes them to strengthen their institutions, so that the speed of institutional development is high....

What is institutional development? How important is it? Which institutions promote development? Why they are not naturally implemented? How can we support them? These are the questions that this article tries to answer, based on the recent international literature on the topic, within the...

This paper describes the gradual accumulation of indicators and evidence of the links between governance and growth, focusing on broad cross-country analyses. While each governance indicator developed thus far is in some way imperfect, the faults of some measures are entirely independent from...

In this paper the issue of institutional development is approached from the perspective of the process of Europeanization. In particular, we are interested in institutions that play an important role in the process of Europeanization of the Romanian public administration. Adopting a...

The article is devoted to the problem of transplantation of institutions from an economic system to less developed one. The goal of transplantation is the acceleration of institutional development. However, a danger of rejection or dysfunction of the transplanted institutions arises. The problem...

The priorities of the EU budget for 2009 are: economic growth, employment, climate, strengthening security and safety of European citizens, the social dimension of the EU. Divided into areas, the EU provides for sustainable development, regional education and research 45.9 billion for natural...

The first EU budget was drafted in 1988 under the so-called “Delors Package I.” Its budgetary headings and monetary distribution have remained unchanged until 14th July 2004, when the Commission adjusted its traditional model to a new system of headings to adapt the budget to an evolutionary...