Showing 1 - 10 of 153
The relation between religion, economy and the country became a major topic in the development of public welfare systems. Humans are political creatures that have the potential to realise the level of moral conscience to meet the needs of a better life, but humans as spiritual beings must have a...
Persistent link: https://www.econbiz.de/10012987223
Decentralisation in Indonesia has brought different impacts to regions following its development path dependence and institutional arrangements. This study aims to understand the role of both path dependence and institutional arrangements in the process of developing a creative city. This paper...
Persistent link: https://www.econbiz.de/10011260362
One of the main obstacles for successful economic development is the formation of institutional traps, inefficient yet stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of institutional traps that have hampered reforms in...
Persistent link: https://www.econbiz.de/10008596422
world, unlike the portrayals of neo-classical economics in general and Paul Samuelson in particular, is a world of …
Persistent link: https://www.econbiz.de/10005837162
Any legislative framework is likely to generate different institutions or norms of behavior which the legislator occasionally could have never foreseen. I suggested a general pattern, on which inefficient, if stable, norms or institutions called institutional traps would form.
Persistent link: https://www.econbiz.de/10008552800
This paper analyses and compares the dynamics of agglomeration in Portuguese and Irish manufacturing industries between 1985 and 1998 implementing Dumais, Ellison and Glaeser (2002)'s methodology. Using comparable and exhaustive micro-level data sets, we find that industries tend to be subject...
Persistent link: https://www.econbiz.de/10005616640
The professional life of economists takes place within the boundaries of the institution of academic economics … we focus on the enabling and disabling roles of metaphors as institutions in the rhetoric of economics. We argue, from … the perspective of economics of rhetoric, that some of the metaphors can lead us to path dependent circumstances where the …
Persistent link: https://www.econbiz.de/10005616800
The research employs historical institutionalism, amplified by ideas to explain path dependent political behaviour. The theoretical framework is applied to explain political behaviour in the Balkans, where Greece and Bulgaria, despite many similarities have developed highly antagonistic...
Persistent link: https://www.econbiz.de/10009149407
The theory of institutional traps, i.e. ineffective but stable institutions or behavior norms, is develope din connection with economic reforms. Mechanisms are described that cause a system to get into a trap and ways of going out of it are analyzed. Concepts of transformation costs and...
Persistent link: https://www.econbiz.de/10008753049
The article presents the critical review of physical and biological metaphors in the institutional economic theory. It is proved that physical (including mechanistic) analogies are most adequate for the associative characteristic of a statics and kinetics of institutional systems, and biological...
Persistent link: https://www.econbiz.de/10011110576