Everyone talks about GDP. Economists of all sorts care about GDP. From a layman to the lover of economics, from a Globetrotter to a Geopolitical Strategist, GDP is a "go-to metric” to compare and examine the size and strength of nation-states. Despite its popularity, GDP is a misnomer and it...

The purpose of this work is the study of the institutional transformation problem in the Forest industry of Irkutsk province, determination of the most prospective ways of reforming of the Forest industry in the context of local institutional structure transformation, determination and...

The Degrowth movement advocates a radical shift from our capitalist economic system to one based on human needs, planetary boundaries, and economic democracy. The literature, however, often neglects detailing the concrete coordination mechanisms of a Degrowth economy. This paper addresses this...

To ascertain the prevalence of soft budgets and to find causes of softness, we surveyed Mongolian enterprises, asking whether state aid was expected when financial difficulties arose. One-quarter of enterprises expected soft-budgets, a large proportion of which have central government ownership....

Recent studies in economic development seek to establish that institutional quality is an important determinant of long-run living standards. Moreover, it appears that property rights institutions are causal for development whereas contracting institutions affect the nature of financial...

In this paper, we test whether the gender composition of government affects the quality of governance and reform efforts, thus connecting the literature that documents the effects of gender on decision making to the literature on the determinants of reforms. We find that countries with a higher...

Years after commencement of the systemic reforms in Central East Europe and the former Soviet Union the main question on the way of conducting reforms remains: gradualism or radicalism? Unfortunately many countries decided to embark on a radical way of transformation which resulted in a number...

We investigate the adoption of ISO 9000 standards by the German mechanical engineering industry and analyze how organizational contingencies affect susceptibility to institutional forces. Our study’s findings show that differences in organizational size, proportion of administrative staff, and...