Testing the level of alternative institutions as a slowdown factor of economic development : the case of Montenegro

The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative an...
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Autor*in:	Drašković, Mimo - 1981- [verfasserIn] Bauk, Sanja [verfasserIn] Štreimikienė, Dalia [verfasserIn] Draškovič, Veselin [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	May 2017

Übergeordnetes Werk:	Enthalten in: Amfiteatru economic - Bucharest : Editura ASE, 1999, 19(2017), 45 vom: Mai, Seite 477-492
Übergeordnetes Werk:	volume:19 ; year:2017 ; number:45 ; month:05 ; pages:477-492

Links:	Volltext Volltext Terms of use

Katalog-ID:	1014684889

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allfields	10419/169084 hdl (DE-627)1014684889 (DE-599)GBV1014684889 DE-627 ger DE-627 rda eng E26 O17 P37 C25 jelc Drašković, Mimo 1981- verfasserin (DE-588)1192793846 (DE-627)1671274296 aut Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic May 2017 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism. Bauk, Sanja verfasserin aut Štreimikienė, Dalia verfasserin (DE-588)1068848340 (DE-627)820824992 (DE-576)428218113 aut Draškovič, Veselin verfasserin (DE-588)171886011 (DE-627)354162373 (DE-576)132642425 aut Enthalten in Amfiteatru economic Bucharest : Editura ASE, 1999 19(2017), 45 vom: Mai, Seite 477-492 Online-Ressource (DE-627)632417552 (DE-600)2565624-7 (DE-576)327497246 2247-9104 nnns volume:19 year:2017 number:45 month:05 pages:477-492 http://hdl.handle.net/10419/169084 Resolving-System kostenfrei Volltext http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf Verlag kostenfrei Volltext https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_374 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_2863 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 19 2017 45 5 477-492 26 01 0206 1755308426 x1k 23-02-18 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach
spelling	10419/169084 hdl (DE-627)1014684889 (DE-599)GBV1014684889 DE-627 ger DE-627 rda eng E26 O17 P37 C25 jelc Drašković, Mimo 1981- verfasserin (DE-588)1192793846 (DE-627)1671274296 aut Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic May 2017 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism. Bauk, Sanja verfasserin aut Štreimikienė, Dalia verfasserin (DE-588)1068848340 (DE-627)820824992 (DE-576)428218113 aut Draškovič, Veselin verfasserin (DE-588)171886011 (DE-627)354162373 (DE-576)132642425 aut Enthalten in Amfiteatru economic Bucharest : Editura ASE, 1999 19(2017), 45 vom: Mai, Seite 477-492 Online-Ressource (DE-627)632417552 (DE-600)2565624-7 (DE-576)327497246 2247-9104 nnns volume:19 year:2017 number:45 month:05 pages:477-492 http://hdl.handle.net/10419/169084 Resolving-System kostenfrei Volltext http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf Verlag kostenfrei Volltext https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_374 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_2863 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 19 2017 45 5 477-492 26 01 0206 1755308426 x1k 23-02-18 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach
allfields_unstemmed	10419/169084 hdl (DE-627)1014684889 (DE-599)GBV1014684889 DE-627 ger DE-627 rda eng E26 O17 P37 C25 jelc Drašković, Mimo 1981- verfasserin (DE-588)1192793846 (DE-627)1671274296 aut Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic May 2017 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism. Bauk, Sanja verfasserin aut Štreimikienė, Dalia verfasserin (DE-588)1068848340 (DE-627)820824992 (DE-576)428218113 aut Draškovič, Veselin verfasserin (DE-588)171886011 (DE-627)354162373 (DE-576)132642425 aut Enthalten in Amfiteatru economic Bucharest : Editura ASE, 1999 19(2017), 45 vom: Mai, Seite 477-492 Online-Ressource (DE-627)632417552 (DE-600)2565624-7 (DE-576)327497246 2247-9104 nnns volume:19 year:2017 number:45 month:05 pages:477-492 http://hdl.handle.net/10419/169084 Resolving-System kostenfrei Volltext http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf Verlag kostenfrei Volltext https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_374 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_2863 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 19 2017 45 5 477-492 26 01 0206 1755308426 x1k 23-02-18 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach
allfieldsGer	10419/169084 hdl (DE-627)1014684889 (DE-599)GBV1014684889 DE-627 ger DE-627 rda eng E26 O17 P37 C25 jelc Drašković, Mimo 1981- verfasserin (DE-588)1192793846 (DE-627)1671274296 aut Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic May 2017 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism. Bauk, Sanja verfasserin aut Štreimikienė, Dalia verfasserin (DE-588)1068848340 (DE-627)820824992 (DE-576)428218113 aut Draškovič, Veselin verfasserin (DE-588)171886011 (DE-627)354162373 (DE-576)132642425 aut Enthalten in Amfiteatru economic Bucharest : Editura ASE, 1999 19(2017), 45 vom: Mai, Seite 477-492 Online-Ressource (DE-627)632417552 (DE-600)2565624-7 (DE-576)327497246 2247-9104 nnns volume:19 year:2017 number:45 month:05 pages:477-492 http://hdl.handle.net/10419/169084 Resolving-System kostenfrei Volltext http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf Verlag kostenfrei Volltext https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_374 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_2863 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 19 2017 45 5 477-492 26 01 0206 1755308426 x1k 23-02-18 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach
allfieldsSound	10419/169084 hdl (DE-627)1014684889 (DE-599)GBV1014684889 DE-627 ger DE-627 rda eng E26 O17 P37 C25 jelc Drašković, Mimo 1981- verfasserin (DE-588)1192793846 (DE-627)1671274296 aut Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic May 2017 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism. Bauk, Sanja verfasserin aut Štreimikienė, Dalia verfasserin (DE-588)1068848340 (DE-627)820824992 (DE-576)428218113 aut Draškovič, Veselin verfasserin (DE-588)171886011 (DE-627)354162373 (DE-576)132642425 aut Enthalten in Amfiteatru economic Bucharest : Editura ASE, 1999 19(2017), 45 vom: Mai, Seite 477-492 Online-Ressource (DE-627)632417552 (DE-600)2565624-7 (DE-576)327497246 2247-9104 nnns volume:19 year:2017 number:45 month:05 pages:477-492 http://hdl.handle.net/10419/169084 Resolving-System kostenfrei Volltext http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf Verlag kostenfrei Volltext https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_374 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2020 GBV_ILN_2026 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_2863 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 19 2017 45 5 477-492 26 01 0206 1755308426 x1k 23-02-18 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach
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source	Enthalten in Amfiteatru economic 19(2017), 45 vom: Mai, Seite 477-492 volume:19 year:2017 number:45 month:05 pages:477-492
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author	Drašković, Mimo 1981-
spellingShingle	Drašković, Mimo 1981- jelc E26 26 alternative institutions 26 quasi-institutional monism 26 institutional pluralism 26 multiple regression linear approach Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro
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topic_title	E26 O17 P37 C25 jelc 26 00 DE-206 56 alternative institutions 26 00 DE-206 56 quasi-institutional monism 26 00 DE-206 56 institutional pluralism 26 00 DE-206 56 multiple regression linear approach Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic
topic	jelc E26 26 alternative institutions 26 quasi-institutional monism 26 institutional pluralism 26 multiple regression linear approach
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title_full	Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro Mimo Draškovic, Sanja Bauk, Dalia Streimikiene and Veselin Draskovic
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title_sort	testing the level of alternative institutions as a slowdown factor of economic developmentthe case of montenegro
title_auth	Testing the level of alternative institutions as a slowdown factor of economic development the case of Montenegro
abstract	The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism.
abstractGer	The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism.
abstract_unstemmed	The purpose of the article is to test public's perception of the opportunistic behavior and alternative institutions existence and the degree of their influences on reproduction of the economic crisis. For that purpose, besides the theoretical considerations, the paper comprises quantitative analysis of affecting the inability of economic development, and reproduction of crisis, by the following factors: (a) non-market enrichment and log-rolling structures, (b) parties’ monopolies and lobbyism, and (c) systemic corruption. Multiple regression linear approach is applied on a sample of 300 selected respondents in five towns in Montenegro: Podgorica, Niksic, Cetinje, Herceg Novi, and Kotor. On the basis of the conducted statistical examines: standard error of the regression estimate, correlation coefficient, and coefficient of determination are calculated on the basis of previously determined regression coefficients and forecast values of the linear function of free variables (factors: a, b, and c). The regression plots for each of the considered cases, which verify the starting hypothesis, are shown along with the discussion and conclusions. Our results indicate the need to reduce and eliminate effects of the above factors in the society and economy, since they represent concrete manifestations of alternative institutions’ negative impacts. The main conclusion of the research is that the authorities in Montenegro should identify all of the channels through which alternative inst itutions do affect the reduction of social and economic choices. In this sense, it is proposed overcoming the monistic neoliberal policies, along with affirmation of institutional pluralism.
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title_short	Testing the level of alternative institutions as a slowdown factor of economic development
url	http://hdl.handle.net/10419/169084 http://www.amfiteatrueconomic.ro/temp/Article_2631.pdf https://creativecommons.org/licenses/by/4.0/
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Testing the level of alternative institutions as a slowdown factor of economic development : the case of Montenegro

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