INVESTMENT IN HUMAN CAPITAL AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF WESTERN BALKAN COUNTRIES AND NEIGHBORING EU MEMBER STATES
This paper examines investment in human capital as a determinant of economic growth in ten countries – five from the Western Balkans (Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) and five neighboring European Union member states (Bulgaria, Greece, Croatia, Hungary, and Romania) – over the period 2013–2...
By Danijela Despotović, Miroljub Nikolić, Andrea Andrejević Panić, Slobodan Cvetanović
DEVELOPMENT OF INCLUSIVE INSTITUTIONS: A COMPARATIVE ANALYSIS OF THE WESTERN BALKAN COUNTRIES AND THE EU-27
This paper develops a Composite Institutional Index (InstIndex) as a synthetic measure of the development of inclusive institutions, based on five Worldwide Governance Indicators dimensions: Control of Corruption, Government Effectiveness, Regulatory Quality and Rule of Law, Voice and Accountability. The index is calculated as a simple arithmetic m...
By Danijela Despotović, Miroljub Nikolić, Andrea Andrejević Panić, Slobodan Cvetanović