Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice

Veselin Draskovic, Evgeny Popov and Kestutis K. Peleckis

Montenegrin Journal of Economics, 2017, vol. 13, issue 1, 125-140

Abstract: The first part discusses the consequences of the deficit of real institutional changes in post-socialist SEE countries, and their substitutions by the various anti-developmental institutional imitations, which essentially had the character of alternative quasi-institutions and were in a function of enrichment for the privileged individuals. It points to the importance of neo-institutional economic theories (NET), which provide a sound grounds and recommendations for explanation of the imitation changes, which had anti-institutional and anti-development character.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:13:y:2017:i:1:p:125-140

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