Institutional Management versus Economic Growth Factors and Equilibrium Problems

Zbigniew Staniek

European Research Studies Journal, 2022, vol. XXV, issue Special B, 167-184

Abstract: Purpose: The aim of this article is to indicate the importance of effective institutional management in theory and practice. Economic growth potentials can be used in case of economic disturbances and changes in institutional balance. Design/ Methodology: The article is of theoretical character, however is related to previous empirical research of the author and other representatives of institutional economics. This article is based on research methods used in institutional economics, related at the same time, with methodological issues of economic theory and management sciences. Findings: The concept of higher range institutional balance is crucial in view of discussed problems. It favors utilization of growth factors with simultaneous incorporation of chain and hierarchical relations in economics. Originality/Values: Development of institutional balance concept as a condition of balanced social and economic development expansion.

Keywords: Institutions; economic growth; growth factors; economic balance; institutional balance. (search for similar items in EconPapers)
JEL-codes: A12 B52 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxv:y:2022:i:specialb:p:167-184

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