Developing an Institutional Political Economy Framework Integrating Firms, Markets, and States

Wanki Moon

No 252532, 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: Building on the long tradition of diverse schools of thought underlining the importance of institutions in determining economic outcomes, the paper develops an eclectic institutional political economy framework that views the economy as consisting of the four decision-making units including the firm, the market, the state, and foreign states. They represent major institutional arrangements accountable for resource allocation decisions at the firm, industry, national, and global levels. The paper restructures disciplinary and interdisciplinary schools/theories/approaches into a unified framework centered around the four principal decision-making units.

Keywords: Institutional and Behavioral Economics; Political Economy (search for similar items in EconPapers)
Pages: 36
Date: 2017-01-12
New Economics Papers: this item is included in nep-bec and nep-pol
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea17:252532

DOI: 10.22004/ag.econ.252532

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