Institutions Institutional Change And Economic Performance In Emerging Markets

Author : Lakshmi Iyer
Publisher : World Scientific Publishing Company
Page : 501 pages
File Size : 53,7 Mb
Release : 2016
Category : Developing countries
ISBN : 9814719757

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Institutions, Institutional Change and Economic Performance in Emerging Markets by Lakshmi Iyer Pdf

Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of 'policy risk, ' namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment -- or will fail to enforce them -- in a way that reduces an investor's financial returns.Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for researchers in the fields of economics business to understand the role of specific economic and political institutions in shaping the business environment and economic growth in emerging markets. It gives answers to the following questions: When will governments define and enforce property rights? When will the division of policy authority across different government agents (e.g. federal and subnational governments, or politicians and bureaucrats) enable better policy decisions? And what are the consequences of globalization for the economic growth and stability of emerging market countries?

Author : Douglass C. North
Publisher : Cambridge University Press
Page : 164 pages
File Size : 55,7 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 0521397340

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Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

Author : Douglass C. North
Publisher : Cambridge University Press
Page : 231 pages
File Size : 41,5 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 9781139642965

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Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf

Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)

Author : Nezameddin Faghih,Ali Hussein Samadi
Publisher : Springer Nature
Page : 293 pages
File Size : 43,6 Mb
Release : 2021-04-07
Category : Business & Economics
ISBN : 9783030609788

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Legal-Economic Institutions, Entrepreneurship, and Management by Nezameddin Faghih,Ali Hussein Samadi Pdf

The study of dynamics of institutional change in emerging markets are subjects of great interest in contemporary political economy. The dynamics and quality of institutional change can have significant impacts on the long-run performance of economies, economic growth and development of nations, and play a fundamental role in societies. It provides a comprehensive understanding of legal-economic institutions, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. Topics range from institutional uncertainty, hybrid market order and labor market institutions, to good governance of institutions and WTO rules as trade institutions, as well as entrepreneurship and institutional change in emerging markets, and the role of modern technologies. This edited volume emphasizes legal-economic institutions, and the role of management and entrepreneurship on dynamics, trends, and implications of institutional change in emerging markets. Presenting research articles by eminent scholars and experts engaged in education and research, who address and discuss the most recent issues in the field, they reveal new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. The book is appealing to a wide range of global audience, can serve as a useful reference work in education and research, offers innovative and productive discussions, and can satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.

Author : Douglass Cecil North
Publisher : Unknown
Page : 152 pages
File Size : 40,8 Mb
Release : 1990
Category : Economic development
ISBN : 1139647547

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Institutions, Institutional Change, and Economic Performance by Douglass Cecil North Pdf

"Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change"--Provided by publisher.

Author : Tim Yeager
Publisher : Routledge
Page : 184 pages
File Size : 52,7 Mb
Release : 2018-02-07
Category : Political Science
ISBN : 9780429968310

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Institutions, Transition Economies, And Economic Development by Tim Yeager Pdf

Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Author : Nezameddin Faghih,Ali Hussein Samadi
Publisher : Springer
Page : 387 pages
File Size : 45,8 Mb
Release : 2022-04-10
Category : Business & Economics
ISBN : 3030613445

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Dynamics of Institutional Change in Emerging Market Economies by Nezameddin Faghih,Ali Hussein Samadi Pdf

Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.

Author : Ha-Joon Chang
Publisher : Anthem Press
Page : 327 pages
File Size : 48,7 Mb
Release : 2007-11-15
Category : Business & Economics
ISBN : 9780857286970

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Institutional Change and Economic Development by Ha-Joon Chang Pdf

‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.

Author : Lee J. Alston,Þráinn Eggertsson,Douglass C. North
Publisher : Cambridge University Press
Page : 380 pages
File Size : 52,5 Mb
Release : 1996-07-28
Category : Business & Economics
ISBN : 0521557437

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Empirical Studies in Institutional Change by Lee J. Alston,Þráinn Eggertsson,Douglass C. North Pdf

Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.

Author : Nezameddin Faghih,Ali Hussein Samadi
Publisher : Unknown
Page : 0 pages
File Size : 49,8 Mb
Release : 2021
Category : Electronic
ISBN : 3030613437

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Dynamics of Institutional Change in Emerging Market Economies by Nezameddin Faghih,Ali Hussein Samadi Pdf

Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.

Author : Douglass Cecil North
Publisher : Ics Press
Page : 32 pages
File Size : 45,6 Mb
Release : 1992
Category : Economic development
ISBN : 1558152113

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Transaction Costs, Institutions, and Economic Performance by Douglass Cecil North Pdf

Author : Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier
Publisher : Princeton University Press
Page : 786 pages
File Size : 47,8 Mb
Release : 2020-01-21
Category : Business & Economics
ISBN : 9780691192017

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The Handbook of Economic Development and Institutions by Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier Pdf

The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Author : Thorsten Beck,Luc Laeven
Publisher : World Bank Publications
Page : 54 pages
File Size : 48,7 Mb
Release : 2005
Category : Asia, Central
ISBN : 8210379456XXX

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Institution Building and Growth in Transition Economies by Thorsten Beck,Luc Laeven Pdf

Abstract: "Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition."--World Bank web site.

Author : John Harriss,Janet Hunter,Colin M. Lewis
Publisher : Psychology Press
Page : 382 pages
File Size : 52,5 Mb
Release : 1995
Category : Business & Economics
ISBN : 0415118239

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The New Institutional Economics and Third World Development by John Harriss,Janet Hunter,Colin M. Lewis Pdf

A major contribution to an area of debate still in its formative phase. It offers new perspectives on both the micro-foundations of economics and the long run dynamics of economic development.

Author : Ashok Chakravarti
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 43,5 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781001417

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Institutions, Economic Performance and the Visible Hand by Ashok Chakravarti Pdf

'This book represents an important next step in the new institutional economics. Using this perspective, it undertakes a thorough re-examination of the problems of development.' – Barry R. Weingast, Stanford University, US 'Institutions, Economic Performance and the Visible Hand is a wide ranging, well-written, and provocative contribution to the study of political and economic organization. Ashok Chakravarti advances arguments and interpretations that are both interesting and, often, controversial. Although I find myself "arguing" with many of them, this is one of the many virtues of the book. I recommend the book to others who have an interest in institutional economics – why it is important, where it has been, and where it is going.' – Oliver E. Williamson, Nobel Laureate in Economics, University of California, Berkeley, US 'This is an ambitious and wide-ranging book, which seeks to overthrow the minimalist view of the role of institutions in economic systems contained in the standard economic model, and instead advocates a more active institution-building effort to promote the development of poor countries. This important contribution is to review and consolidate the themes and issues that emerge from a very large literature on the subject of institutions and economic development, and to coherently formulate hypotheses relating institutions to economic performance. This should be useful to a wide range of scholars.' – John Toye, University of Oxford, UK This timely study convincingly argues that it is not resources but the institutions which govern the interaction and decision-making of economic and political agents, that are the key factor in determining the economic performance of nations. The book challenges the conventional wisdom on the determinants of economic performance and provides an alternative vision of the functioning of an economic system. The author provides a structured survey which critically evaluates the theory and evidence of neoclassical approaches to growth and development. He then skillfully integrates insights from the old and new institutional economics into an original and comprehensive vision of the relationship between institutions, growth and economic development. Institutions, Economic Performance and the Visible Hand will be of special interest to academics, financial analysts and commentators, staff of international development agencies and NGOs, researchers and post-graduate students.