Instituţii şi dezvoltare economică

Marinescu Cosmin
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Marinescu Cosmin: Academia de Studii Economice din Bucureşti

Revista OEconomica, 2011, issue 04

Abstract: This study aims to give the general frame of scientific research on transaction costs and economic performance, in fact the institutional economics field, emphasizing the necessity of rethinking the neoclassical theory. Recent research on institutions and development proves that, by reducing transaction costs, the institutions protecting property rights are decisive for economic development.

Keywords: institutional economics; institutions; economic development (search for similar items in EconPapers)
JEL-codes: B15 D23 O43 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2011:i:04:id:311

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