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Corruption - An Inhibiting Factor For The Efficient Implementation Of Structural Funds In Romania

Author

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  • Roxana Elena Lazar

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The starting point of the theory of contracts coincides with the Roman era, but the moment related to the strengthening of the contract theory is the "social contract". Another episode relevant to this theory is represented by the trend "institutionalism". The institutional value has repercussions on the value of the concluded contracts, but we notice the link between the notary public institution and the theory of contracts, which is very important. Although the notary public institution is important in a democratic society, the analyses conducted do not indicate any connection between the number of notaries public and economic growth.

Suggested Citation

  • Roxana Elena Lazar, 2012. "Corruption - An Inhibiting Factor For The Efficient Implementation Of Structural Funds In Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(3), pages 356-363, September.
    • Handle: RePEc:jes:wpaper:y:2012:v:4:i:3:p:356-363
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    References listed on IDEAS

    as
    1. Lyons, Bruce R, 1996. "Empirical Relevance of Efficient Contract Theory: Inter-firm Contracts," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(4), pages 27-52, Winter.
    2. Boettke, Peter & Fink, Alexander, 2011. "Institutions first," Journal of Institutional Economics, Cambridge University Press, vol. 7(4), pages 499-504, December.
    3. John, Arielle & Storr, Virgil Henry, 2011. "Which institutions matter? Separating the chaff from the wheat," Journal of Institutional Economics, Cambridge University Press, vol. 7(4), pages 583-588, December.
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    More about this item

    Keywords

    contracts; institutionalism; value; notary; economic growth Romania;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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