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Institutions and Transition Possible Policy Implications of the New Institutional Economics

Опубликовано на портале: 05-02-2003
SSRN Working Papers. 2001. 
Paper presents a short overview of the New Institutional Economics. It is not intended to be a complete survey of the field but an extract that concentrates on the specific arguments made here that are in contrast with the assumptions commonly made in mainstream theory. Since the aim of this paper is to come up with policy implications, specific assumptions will be emphasized only if they might become crucial for policy implications. The results of some empirical studies are presented after having dealt with some of the methodological problems. One of the parts focuses on the NIE in the context of the transition economies of Central and Eastern Europe.

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