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This paper describes the impact of the global crisis on China, the central and local level government responses and preferences it triggered as well as the consequences these reactions had on national and regional levels. It focuses on the immediate economic and general systemic reasons of the...
Persistent link: https://www.econbiz.de/10009741334
prove scientifically the relation transaction costs – institutions. …
Persistent link: https://www.econbiz.de/10008464292
This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment … specialization and the division of labor. Instead, development is seen as a response to the evolution of institutions that support …. That is, institutions do matter when it comes to costs minimizing or, in other words, the secret of obtaining efficient …
Persistent link: https://www.econbiz.de/10005669010