Comparative Economic Studies - Table 1 for article: Institutions Matter in Transition, But So Do Policies

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Institutions Matter in Transition, But So Do Policies

Oleh Havrylyshyn and Ron van Rooden

Table 1. Correlation matrices of institutional and political indicators

	Average	HERgen	HERleg	FRleg	FRec	FRdem	EUR	EBRDleg	FRpol	EBRDri	World Bank
Average	1
HERgen	0.93	1
HERleg	0.89	0.91	1
FRleg	0.99	0.90	0.87	1
FRec	0.97	0.88	0.86	0.97	1
FRdem	0.98	0.90	0.87	0.99	0.96	1
EUR	0.87	0.77	0.78	0.83	0.79	0.82	1
EBRDleg	0.88	0.82	0.70	0.83	0.82	0.80	0.79	1
FRpol	0.94	0.88	0.78	0.95	0.92	0.97	0.73	0.78	1
EBRDri	0.92	0.81	0.72	0.88	0.93	0.87	0.77	0.85	0.86	1

Average	1
HERgen	0.93	1
HERleg	0.94	0.96	1
FRleg	0.98	0.89	0.89	1
FRec	0.97	0.88	0.88	0.96	1
FRdem	0.98	0.89	0.89	0.99	0.95	1
EUR	0.88	0.78	0.82	0.83	0.79	0.83	1
EBRDleg	0.91	0.86	0.86	0.87	0.83	0.84	0.83	1
FRpol	0.94	0.87	0.85	0.96	0.93	0.98	0.72	0.78	1
EBRDri	0.91	0.79	0.79	0.87	0.92	0.86	0.80	0.80	0.84	1
World Bank	0.63	0.63	0.62	0.57	0.67	0.56	0.46	0.57	0.52	0.61	1

Top half: All 25 transition countries excluding FYR Macedonia. Bottom half: All 25 transition countries excluding Croatia, FYR Macedonia, Romania, Slovenia, Tajikistan, and Turkmenistan.

Sources: Heritage Foundation, Freedom House, Euromoney, EBRD, Word Bank.

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TABLE 1

Institutions Matter in Transition, But So Do Policies

Table 1. Correlation matrices of institutional and political indicators