THE CLASIFICATION OF INSTITUTIONS AND THEIR IMPACT ON ECONOMIC DEVELOPMENT

Ana Iolanda Voda ()
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Ana Iolanda Voda: Faculty of Economics and Business Administration, Department of Economics “AL. I. Cuza” University, Iasi, Romania

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2009, vol. 9, issue Special, 53-59

Abstract: There is a simple case which combines different lines of thought of the institutional economy: institutions matter. If this hypothesis is considered to be central, transaction costs economics, property rights economics are part of institutional economics, as well as in public choice theory's approaches and constitutional economy. Regardless of how they are defined institutions are correlated with economic growth, wealth, welfare, etc. More and more authors in the literature involve institutional factors in explain the gap between the developed and developing countries.

Keywords: institutions; institutional analises; development; informal; formal (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ausvfe:v:9:y:2009:i:special:p:53-59

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