Values, Institutions, and Models of Institutional Change in Transition Economies

Pasquale Tridico

Challenge, 2013, vol. 56, issue 3, 6-27

Abstract: Many transition economies from the old Soviet Union and Eastern Europe have increased their gross domestic product. But the author argues that the conflicts between old institutions and new are holding them back. Mainstream economics does not adequately deal with these issues, and he proposes a less elegant but more accurate and inclusive model to help with these complex transitions.

Date: 2013
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DOI: 10.2753/0577-5132560301

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