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This overview paper introduces some basic concepts of New Institutional Economics like the conceptualization of institutions as the rules of the game and then focuses on the two basic mechanisms of emergence and evolution of social institutions, i.e. as a product of collective action or as a...
Persistent link: https://www.econbiz.de/10012991786
Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are the defining elements of transition pathways. In...
Persistent link: https://www.econbiz.de/10011715004
types of regime transitions. We hypothesize that when coups are conducted by members of the incumbent political elite, they … are likely to remove barriers to change while coup makers outside of the ruling elite are more likely to do the opposite … and thus protect themselves from what remains of the elite in the political system. Using the Bjørnskov-Rode coup data …
Persistent link: https://www.econbiz.de/10012021629
Broadly speaking, institutional reformers decide about the sequencing of types of reforms, either addressing institutional quality or macroeconomic stability. This paper develops a dynamic population game, in which agents play a simple anonymous-exchange game of cooperating or defecting. Agents...
Persistent link: https://www.econbiz.de/10013336250
Purpose: This paper investigates the factors responsible for the emergence of different arrangements of state-society relations. Being concerned with the relations related to the industrial sector, this study focuses more on state-business-labor relations (SBLRs), especially on power dynamics...
Persistent link: https://www.econbiz.de/10013549811
This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are interpreted broadly. The broadening of the poverty notion is important at least from the policy perspective. Even if one were convinced that higher growth would reduce income poverty to...
Persistent link: https://www.econbiz.de/10011400868
One of the strongest stylized facts of the transition is also one of the most unexpected: after 1989 Central and Eastern European and Former Soviet Union countries diverged massively. Institutions are a main reason. The EU anchor thesis posits that the prospect of membership in the European...
Persistent link: https://www.econbiz.de/10012792626
This paper focuses on the role of "institutions" in poverty alleviation, where both poverty and institutions are interpreted broadly. The broadening of the poverty notion is important at least from the policy perspective. Even if one were convinced that higher growth would reduce income poverty...
Persistent link: https://www.econbiz.de/10013320747
This paper analyzes the effects of foreign banks on developing countries' bank performance. We study this relationship from a different perspective by focusing on Chile, an emerging market with strong institutions. The results from dynamic panel regressions on hand-collected financial statement...
Persistent link: https://www.econbiz.de/10012915033
This paper surveys the role of institutions in promoting economic growth in cross-cultural and historical perspective. It examines inter alia, whether institutional development can be incorporated in formal growth theory, the influence of politics on economic growth and the relationship of...
Persistent link: https://www.econbiz.de/10014181613