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Leadership and effective institutional economics design in the context of education reforms
Strielkowski, Wadim; Volchik, Vyacheslav; Maskaev, Artyom; … - In: Economies 8 (2020) 2, pp. 1-15
Nowadays, the most typical reforms in higher education are conducted through the reorganization of universities either … in the form of a merger, acquisition, or new status attainment. As a result, universities which educate local leaders for … imposed by the policymakers "from above" often hamper the development of universities and prevent them from fulfilling their …
Persistent link: https://www.econbiz.de/10013199656
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Institutional Bottlenecks : What Can Be Done?
Coyne, Christopher J. - 2013
Institutional bottlenecks refer to path-dependent institutional arrangements which contribute to economic stagnation. In his research, Timur Kuran identifies several historical institutional bottlenecks which contributed to economic decline and underdevelopment of the Middle East. We use Kuran's...
Persistent link: https://www.econbiz.de/10013089443
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Law, Transaction Costs and Coase’s Institutions. A Reappraisal
Vatiero, Massimiliano - 2019
The main contribution of Coase1 is having proven that no institution is a free lunch (among others, Pagano, 2012). it means that every institution (e.g. the market and the firm) has non-null costs of functioning, i.e. transaction costs. in a world with positive transaction costs, the...
Persistent link: https://www.econbiz.de/10012863007
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Efficiency of universities and research-focused institutions worldwide : an empirical DEA investigation ased on institutional publication numbers and estimated academic staff numbe...
Bornmann, Lutz; Gralka, Sabine Marlene; Moya Anegón, … - 2020
. We calculate efficiency scores for more than 4,800 universities and other research-focused institutions worldwide …
Persistent link: https://www.econbiz.de/10012175828
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Neutral Markets, Non-Neutral Institutions and Economic Evolution
Volchik, Vyacheslav - 2012
The article argues the neutral nature of markets. It describes the ways neutral markets expand or fold under the influence of non-neutral institutions. A demarcation is lined up between efficacy of a market process and a market result. The paper shows inconsistency of existing neoclassic models...
Persistent link: https://www.econbiz.de/10013097563
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Patterned variation: the role of psychological dispositions in social and institutional evolution
Schlicht, Ekkehart - 2021
The new institutional economics has one of its roots in evolutionary thinking. The idea is that there is competition among organizational forms. Some forms spread faster than others and thereby displace and eventually destroy the less well adapted forms. In the end, the most 'efficient'...
Persistent link: https://www.econbiz.de/10012597803
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Quality of higher education and the labor market in developing countries : evidence from an education reform in Senegal
Boccanfuso, Dorothée; Larouche, Alexandre; Trandafir, … - 2015
While many studies examine the effect of primary education quality on labor market outcomes in developing countries, little is known about the effects at higher levels. We exploit the quasi-experiment provided by a large-scale education reform launched in Senegal in 2000 to investigate how...
Persistent link: https://www.econbiz.de/10011281604
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Institutional Transformations, Polity and Economic Outcomes : Testing the North-Wallis-Weingast Doorsteps Framework
Quintyn, Marc - 2012
This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: the establishment of rule of law among elites; the adoption of perpetually existing...
Persistent link: https://www.econbiz.de/10013108474
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Theory and Empirics of the Institutional Evolution of Economic Development : An Application to Korean Economy
Jwa, Sung-Hee - 2020
This study empirically applies the theory of institutional requirement for economic development to explain Korea's modern history of economic development. The study theoretically derives the argument that the economic discrimination (ED) policy regime “rewarding high performance relative to...
Persistent link: https://www.econbiz.de/10012832469
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Understanding the Relationship between Institutions and Economic Development : Some Key Theoretical Issues
Chang, Ha-Joon - 2008
This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between...
Persistent link: https://www.econbiz.de/10014057124