With the collapse of Soviet Russia, transition of communist countries towards the market economy not only caused an economic transformation but also formal and informal constraints, institutional structures and legal norms in society were changed. IMF's and World Bank’s reports and governance concept containing neoliberal policies that took place in World Bank’s publications were important factors behind this transition. In this study, it is aimed to analyze quality of governance in transition economies by the year 2014. With this framework, Cluster analysis is performed by Ward (1963) Minimum Variance Method by using World Bank Governance and Freedom House dataset.
This paper contributes to the literature by determination of transition economies’ position in terms of their governance scores in a multivariate framework. The results of Cluster analysis indicate that countries in the process of integration with the EU have better governance scores with respect to other transition economies.
Quality of governance, Transition economies, Cluster analysis, Ward’s method, World bank governance indicators, Freedom house dataset.
Abed, G.T., 1998. Governance issues and transition economies. IMF, May 27-28, Challenges to Economies in Transition: Stabilization, Growth, and Governance” Bishkek, Kyrgyz Republic May 27–28, 1998.
Acemoğlu, D. and J.A. Robinson, 2012. Why nations fail: The origins of power. 1st Edn., London: Crown Publishers.
Andrijauskas, K., 2013. Chinaʼs economic penetration into post-soviet central Asia and Eastern Europe. Lithuanian Foreign Policy Review, 30: 113-131. Retrieved from http://lfpr.lt/wp-content/uploads/2015/09/LFPR-30-Andrijauskas.pdf.
Cihangir, D., 2011. AB Aday ve Potansiyel Aday Ülkelerinin 2011 İlerleme Raporları Hakkında Değerlendirme. İktisadi Kalkınma Vakfı. Retrieved from www.ikv.org.tr.
Eurasıan, 2016. Retrieved from http://www.eurasiancommssion.org/.
Freedom House, 2014. Freedom house in the world 2014. Retrieved from https://freedomhouse.org/sites/default/files/Eurasia%20Fact%20Sheet.pdf.
Hair, J.F., W.C. Black, B.J. Babin and R.E. Anderson, 2009. Multivariate data analysis. 7th Edn., London, UK: Prentice Hall.
Johnson, C., 2002. Democratic transition in the Balkans: Romania's Hungarian and Bulgaria's Turkish minority (1989–99). Nationalism and Ethnic Politics, 8(1): 1-28. View at Google Scholar | View at Publisher
Kooiman, J., 1993. Modern governance: New government-society interactions. London: Sage.
Maldona, N., 2010. The world bank's evolving concept of good governance and its impact on human rights. Doctoral Workshop on Development and International Organizations, Stockholm, Sweden.
Mikheev, S., 2006. Post-soviet space: Elites are against integration. Postsovetskoje Prostranstvo: Elity Protiv Integracii.
Mikhnovets, I., 2015. Moldova, Ukraine and Georgia: What has been done after the decisive Eastern partnership summit in vilnius in 2013. Austria Institut für Europa- Und Sıcherheitspolitik. Retrieved from https://www.aies.at/download/2015/AIES-Fokus-2015-04.pdf.
Mukhamedzhanova, D., 2007. Economic preconditions of regional integration in the post-soviet space. Journal of Kazakhstan in the Global Processes, 4: 138-149. View at Google Scholar
North, D., 1990. Institutions, institutional change and economic performance. 2nd Edn., Cambridge: Cambridge University Press.
Rodrik, D., 2007. One economics, many recipes: Globalization, institutions, and economic growth. 1st Edn., United Kingdom: Princeton University Press.
Unlukaplan, I., 2011. Multivariate investigation of governance indicators in European Union. Journal of US-China Public Administration, 8(1): 66-76.
Unlukaplan, I. and E. Canıkalp, 2015. Determination of Turkey's quality of governance position by world bank governance indicators: Cluster analysis. Marmara University Journal of Economic & Administrative Sciences, 37(2): 409-427.