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MDPI AG
Institutional Quality and Regional Growth: Panel VECM Evidence from EU and Western Balkan Economies
Regional competitiveness and growth performance in EU enlargement contexts depend critically on institutional foundations, yet the extent to which governance quality shapes macroeconomic policy transmission remains insufficiently examined in comparisons between the European Union and the Western Balkans. Using a panel Vector Error Correction Model (VECM) for 33 countries over 2002–2022, this paper compares cointegration patterns, adjustment dynamics, and shock transmission channels across both regions....
Download 2026 Ivana Katnic , Alek Barović , Nikola Milović , Martin M. Bojaj , Nina Perunovic
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