EconPapers    
Economics at your fingertips  
 

Informal institutions, transaction risk, and firm productivity in Myanmar

Michael Danquah () and Kunal Sen ()

No wp-2020-54, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In many low-income transition countries, where formal institutions such as courts do not function effectively, informal institutions are often used by firms to minimize transaction risks. We examine the role of informal institutions, in the forms of relational contracting and social networks, in determining the risks that firms are willing to bear in their transactions with their suppliers and customers, and whether firms that bear such risks have higher firm productivity. Our country context is Myanmar, a country which is making a transition from a socialist to market-oriented economy.

Keywords: Firm productivity; informal institutions; relational contracting; Social networks; Transitional economies; Myanmar (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-bec, nep-cta, nep-iue, nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/Publ ... er/PDF/wp2020-54.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2020-54

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().

 
Page updated 2021-04-03
Handle: RePEc:unu:wpaper:wp-2020-54