Confidence in formal institutions and reliance on informal institutions in Bosnia and Herzegovina: An empirical investigation using survey data

Economics of Transition

Volumn 19, Issue 3, 2011, Pages 521-540

  Efendic, Adnan ^a   Pugh, Geoff ^b   Adnett, Nick ^b  

^a UNIVERSITY OF SARAJEVO   (Bosnia and Herzegovina)

^b STAFFORDSHIRE UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

Author keywords

Bosnia and herzegovina; Formal institutions; Informal institutions

Indexed keywords

EMPIRICAL ANALYSIS; ENDOGENOUS GROWTH; ETHNIC GROUP; TRANSITIONAL ECONOMY; URBAN AREA;

BOSNIA AND HERZEGOVINA;

EID: 79959736785     PISSN: 09670750     EISSN: 14680351     Source Type: Journal    
DOI: 10.1111/j.1468-0351.2010.00408.x     Document Type: Article

References (41)

1. Aidis, R., Estrin, S. and Mickiewicz, T. (2007). 'Institutions and entrepreneurship development in Russia: A comparative perspective', Economic Working Paper No. 79, London: University College London.
2. Alston, L. J. (2008). 'The "case" for case studies in new institutional economics', in Brousseau, E. and Glachant, J.-M. (eds), New Institutional Economics - A Guidebook, Cambridge: Cambridge University Press, pp. 103-121.
3. Andersson, D. E. (2008). Property Rights, Consumption and the Market Process - New Horizons in Institutional and Evolutionary Economics, Cheltenham, UK/Northampton, MA, USA: Edward Elgar.
4. Arrow, K. J. (1969). The Organization of Economic Activity: Issues Pertinent to the Choice of Market versus Non-market Allocation, Joint Economic Committee of Congress in 1969, available at:, accessed December 2010.
5. Beck, T. and Laeven, L. (2006). 'Institution building and growth in transition economies', Journal of Economic Growth, 11(2), pp. 157-186.
6. Brousseau, E. and Glachant, J.-M. (eds) (2008). New Institutional Economics - A Guidebook. Cambridge: Cambridge University Press.
7. Chavance, B. (2008). 'Formal and informal institutional change: The experience of postsocialist transformation', The European Journal of Comparative Economics, 5(1), pp. 57-71.
8. Commission of the European Communities (2008). 'Bosnia and Herzegovina 2008 Progress Report', Commission Staff Working Document COM(2008)674, available at:, accessed December 2010.
9. De Soto, H. (2000). The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. New York: Basic Books.
10. Debertin, L. D. (1996). A Comparison of Social Capital in Rural and Urban Settings, Department of Agricultural Economics, University of Kentucky, available at: .
11. Di Tommaso, M. L., Raiser, M. and Weeks, M. (2007). 'Home grown or imported? Initial conditions, external anchors and the determinants of institutional reform in the transition economies', The Economic Journal, 117(520), pp. 858-881.
12. Ebner, A. (2008). 'Institutional evolution and the political economy of governance', in Ebner, A. and Beck, N. (eds), The Institutions of the Market - Organizations, Social Systems, and Governance, Oxford: Oxford University Press, pp. 287-308.
13. Eggertsson, T. (1996). 'A note on the economics of institutions', in Alston, L. J., Eggertsson, T. and North, D. C. (eds), Empirical Studies in Institutional Change, Cambridge: Cambridge University Press, pp. 6-24.
14. Fabbri, D., Monfardini, C. and Radice, R. (2004). 'Testing exogeneity in the bivariate probit model: Monte Carlo evidence and an application to health economics', Working Papers No. 514, Bologna: Dipartimento Scienze Economiche, Universita' di Bologna.
15. Foreign Policy Initiative BiH (FPI BiH) (2007). Governance Structures in Bosnia and Herzegovina - Capacity, Ownership, EU Integration, Functioning State, Sarajevo: FPI BiH.
16. Furubotn, E. G. and Richter, R. (2005). Institutions & Economic Theory - The Contribution of the New Institutional Economics, 2nd edn, Ann Arbor, MI: The University of Michigan Press.
17. Gould, W., Pitblado, J. and Sribney, W. (2006). Maximum Likelihood Estimation with Stata, Texas: STATA Press.
18. Greene, W. H. (2003). Econometric Analysis, 5th edn, Princeton, NJ: Prentice Hall.
19. Grzymala-Busse, A. (2006). Informal Institutions and Post-Communist State, The National Council for Eurasia and East European Research, Yale University, available at: .
20. Heij, C., de Boer, P., Franses, P. H., Kloek, T. and van Dijk, H. K. (2004). Econometric Methods with Applications in Business and Economics, Oxford: Oxford University Press.
21. Helmke, G. and Levitsky, S. (2004). 'Informal institutions and comparative politics: A research agenda', Perspective on Politics, 2(4), pp. 725-740.
22. Helsinki Committee for Human Rights in Bosnia and Herzegovina (2008). Ljudska prava Bosanaca i Hercegovaca - vlast kreira nepovoljan ambijent, Glasnik Helsinskog komiteta za ljudska prava u BiH, No. 11, Sarajevo, May 2008.
23. High, C., Pelling, M. and Gusztav, N. (2005). 'Understanding informal institutions: Networks and communities in rural development', in Transition in Agriculture, Agricultural Economics in Transition II, Budapest: Institute of Economics, Hungarian Academy of Sciences, available at: .
24. Hofferth, S. L. and Iceland, J. (1998). 'Social capital in rural and urban communities', Rural Sociology, 63(4), pp. 574-598.
25. Jutting, J. (2003). 'Institutions and development: A critical review', OECD Development Centre Working Paper No. 210, Paris: OECD Development Centre.
26. Lane, J.-E. and Rohner, D. (2004). 'Institution building and spillovers', Swiss Political Science Review, 10(1), pp. 77-90.
27. Leukert, A. (2005). The Dynamics of Institutional Change: Formal and Informal Institutions and Economic Performance, European Economic Association, available at: .
28. Moers, L. (1999). 'How important are institutions for growth in transition countries?', Tinbergen Institute Discussion Papers No. 99-004/2, Rotterdam: Tinbergen Institute.
29. Nelson, R. R. (2008). 'Co-evolution of technologies and institutions in market economies', in Ebner, A. and Beck, N. (eds), The Institutions of the Market - Organizations, Social Systems, and Governance, Oxford: Oxford University Press, pp. 253-286.
30. North, D. C. (1990). (22nd printing from 2006) Institutions, Institutional Change and Economic Performance, Cambridge: Cambridge University Press.
31. Opper, S. (2008). 'New institutional economics and its application on transition and developing economies', in Brousseau, E. and Glachant, J.-M. (eds), New Institutional Economics - A Guidebook, Cambridge: Cambridge University Press, pp. 389-405.
32. Pejovich, S. (2008). Law, Informal Rules and Economic Performance, The Case of Common Law, Cheltenham, UK/Northampton, MA, USA: Edward Elgar.
33. Raiser, M. (1997). 'Informal institutions, social capital and economic transition: Reflections on a neglected dimension', EBRD Working Paper No. 25, London: EBRD.
34. Raiser, M., Rousso, A. and Steves, F. (2003). 'Trust in transition: Cross-country and firm evidence', EBRD Working Paper No. 82, London: EBRD.
35. Redek, T. and Susjan, A. (2005). 'The impact of institutions on economic growth: The case of transition economies', Journal of Economic Issues, XXXIX(4), pp. 95-1027.
36. Roodman, D. (2008). 'Estimating fully observed recursive mixed-process models with CMP', Center for Global Development Working Paper No. 168, Washington, DC: Center for Global Development.
37. UNDP BiH (2008). Early Warning System Quartarly Reports I-III (2008), Sarajevo: UNDP BiH.
38. Williamson, O. E. (1985). The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting, New York: Free Press, London: Collier Macmillan Publishers.
39. Williamson, C. R. (2009). 'Informal institutions rule: Institutional arrangements and economic performance', Public Choice, 139(3), pp. 371-387.
40. Wooldridge, J. M. (2006). Introductory Econometrics - A Modern Approach, 3rd edn, Mason: Thomson South-Western.
41. World Bank (2002). 'Bosnia and Herzegovina, from aid dependency to fiscal self-reliance, a public expenditure and institutional review', WB Report No. 24297-BIH, Poverty Reduction and Economic Management Unit Europe and Central Asia Region: The World Bank.