Formal and Informal Institutional Change : the Experience of Postsocialist Transformation
AbstractDiversity of trajectories of post-socialist transforming economies is a stylized fact of this experience of system change. The paper explores the relations between change in formal and informal rules in historical perspective, discussing new institutional views about rationality of formal institutions and detrimental inertia of informal institutions. It submits that an open and complex approach of the centrality of formal/informal rules interaction may give a better explanation to the multiplicity of national post-socialist pathways.
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Bibliographic InfoArticle provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.
Volume (Year): 5 (2008)
Issue (Month): 1 (June)
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Post-socialist transformation ; diversity of trajectories ; institutional change ; formal rules ; informal rules ; enforcement;
Find related papers by JEL classification:
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- P37 - Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
- P50 - Economic Systems - - Comparative Economic Systems - - - General
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
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