FUNDAMENTELE INSTITUTIONALE ALE PERFORMANTEI ECONOMICE. STUDIU DE SINTEZA

Cosmin Marinescu
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Cosmin Marinescu: Romanian Academy, National Institute of Economic Research

Studii Economice from Institutul National de Cercetari Economice (INCE)

Abstract: This study aims to give the general frame of scientific research on transaction costs and economic performance, in fact the institutional economics field. It is going to emphasize the necessity of rethinking the neoclassical theory through the institutional approach within development economics. As an implicit objective, the analyse is trying to outline the methodological and analytical frame useful for explaining the institutional dimension of transaction costs and their importance for institutional reforms. The recent scientific research on institutions and economic development proves that, by reducing transaction costs, the institutions that protect the property rights are decisive for economic development.

Keywords: Institutional Economics; Institutions; Transaction Costs; Economic Performance (search for similar items in EconPapers)
JEL-codes: B15 D23 O43 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-12
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Persistent link: https://EconPapers.repec.org/RePEc:ror:seince:111208

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