prove scientifically the relation transaction costs – institutions. …

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 …

transactions using the framework of the New Institutional Economics. First, it examines “corrupt contracts”, the institutions that …