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institutions that define any economic system. Within society, people are perceptive to a system of general rules that provides … incentives and constraints for human behavior. Institutions' and human action's mutuality, and also its economic and political … implications, explain the essential importance of institutions in economic science and the institutional approach viability. …
Persistent link: https://www.econbiz.de/10005087792
The role played by endogenous growth models in growth literature might be analyzed from two perspectives. In the first place, is it emphasized the necessity to replace the hypothesis of perfect competition with monopolistic competition in every mathematical model. Secondly, there is no...
Persistent link: https://www.econbiz.de/10005087811
The study and comprehension of institutions – viewed as written and unwritten constraints (rules) initiated by people … economies and societies. The framework inspired by institutions to which people dedicated maximum energy and talent also …
Persistent link: https://www.econbiz.de/10005154481
Nowadays it becomes obvious that entrepreneurship and economic performance are closely linked. 
Persistent link: https://www.econbiz.de/10008464115
Persistent link: https://www.econbiz.de/10008464186
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
Persistent link: https://www.econbiz.de/10008732252