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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
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
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
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
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
The article analyzes the necessity for studying the efficiency in the education area. In the same time, the discussion is focused on the main perspective of efficiency’s analysis: classical perspective and systemic perspective. This paper is an integrated part of the research program Micro and...
Persistent link: https://www.econbiz.de/10008495423
Each year, companies around the world spend huge amounts for the informatisation of their activities, but the increase of the investments in this field doesn’t imply always the increase of the work productivity and profit with the same rate. The ”productivity paradox” of information...
Persistent link: https://www.econbiz.de/10008495442
The paper illustrates the contribution of the education to the economic development. The main analyzed aspects are: a short history of the education’s contribution to the economic development, the principals modalities of influence and the negative effects of the lack of education and over...
Persistent link: https://www.econbiz.de/10008495462