Formal and informal institutional change: the experience of postsocialist transformation

Bernard Chavance ()
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Bernard Chavance: Université Paris Diderot, Paris 7, France

Finansovyj žhurnal — Financial Journal, 2011, issue 1, 47-62

Abstract: Diversity of trajectories of post-socialist transforming economies is a stylized fact of this experience of system change. The paper explores the relations between change in formal and informal rules in historical perspective, discussing new institutional views about rationality of formal institutions and detrimental inertia of informal institutions. It submits that an open and complex approach of the entrality of formal/informal rules interaction may give a better explanation to the ultiplicity of national postsocialist pathways.

Keywords: post-socialist transformation; diversity of trajectories; institutional change; formal rules; informal rules; enforcement (search for similar items in EconPapers)
JEL-codes: P21 P27 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:110104:p:47-62

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