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Despite being a key term in institutional economics, the term 'institution' seems to be used in various different ways. To what extent is this problematic, given that a shared understanding of key terms among scholars is a necessary condition for scientific progress? We review prominent...
Persistent link: https://www.econbiz.de/10011984904
Despite being a key term in institutional economics, the term "institution" seems to be used in various different ways. To what extent is this problematic, given that a shared understanding of key terms among scholars is a necessary condition for scientific progress? We review prominent...
Persistent link: https://www.econbiz.de/10011970836
Economies are complicated systems encompassing micro behaviors, interaction patterns, and global regularities. Whether partial or general in scope, studies of economic systems must consider how to handle difficult real-world aspects such as asymmetric information, imperfect competition,...
Persistent link: https://www.econbiz.de/10014024389
Badly defined institutional framework caused many problems of the Czech transition. Designers of the economic reform did not respect the importance of precisely functioning market institutions. No doubts that building institutions supports the functioning of markets. The article analyses why...
Persistent link: https://www.econbiz.de/10004963574
majority shareholders, which handicapped the country’s capital-market development. Beginning in 1996, several improvements of …
Persistent link: https://www.econbiz.de/10005698625
statics and kinetics of institutional systems, and biological – for the figurative description of their evolution. Efficiency …
Persistent link: https://www.econbiz.de/10011110576
The purpose of this paper is to examine the significance of institutional arrangements to development policies … institutional environment) to development, with inconclusive results. It will be argued that institutional arrangements offer a much … assert a clear-cut relation between institutional environment and development. Then the analysis then considers the …
Persistent link: https://www.econbiz.de/10010330757
The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later …
Persistent link: https://www.econbiz.de/10011943937
on the co-evolution of institutions and technological change. …
Persistent link: https://www.econbiz.de/10013471515
The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later …
Persistent link: https://www.econbiz.de/10011922086