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This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011558534
In randomized control laboratory experiments, we find that those primed to think about markets exhibit more trusting behavior. We randomly and unconsciously prime experimental participants to think about markets and trade. We then ask them to play a trust game involving an anonymous stranger. We...
Persistent link: https://www.econbiz.de/10009320756
economic aspects. Specifically it attempted to classify and measure various types of institutions based on a theoretical …
Persistent link: https://www.econbiz.de/10008476377
The decrease in the rule of law and in control of corruption in several EU countries is a threat to the cohesion in the EU. Brexit has reinforced the centrifugal forces in the EU. To counter this threat the EU needs to engage in unpopular measures as they infringe on the Member States'...
Persistent link: https://www.econbiz.de/10011516715
This essay examines the historiography of two episodes in history – the scattering of plots in the open fields in the Middle Ages and the transition to the factory system in the Industrial Revolution – to shed light on the uses of institutional economics in economic history. In both of these...
Persistent link: https://www.econbiz.de/10011079286
In this paper we incorporate the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing the mechanisms of governance of sustainable development. The...
Persistent link: https://www.econbiz.de/10004961514
institutional reforms. The recent scientific research on institutions and economic development proves that, by reducing transaction … costs, the institutions that protect the property rights are decisive for economic development. …
Persistent link: https://www.econbiz.de/10010800849
” (specific to contractual and free market institutions), on the one hand, and “imposed transaction costs” (according to formal …
Persistent link: https://www.econbiz.de/10010800856
” (specific to contractual and free market institutions), on the one hand, and “imposed transaction costs” (according to formal …
Persistent link: https://www.econbiz.de/10010550703
Persistent link: https://www.econbiz.de/10010818470