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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
Cluster analysis classifies a set of observations into two or more mutually exclusive unknown groups based on combination of interval variables and it has proven to be very useful. The classification aim is grouping the objects between their similarities or dissimilarities and so providing a...
Persistent link: https://www.econbiz.de/10008459917
The Romanian economy goes through a stage of economic unbalances. In this context, the necessity generated by psychological and practical reasons to understand and draft ideas concerning the future behaviour of economic systems such as to overrun the actual condition of our country economy...
Persistent link: https://www.econbiz.de/10005002649