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Values, Institutions, and Models of Institutional Change in Transition Economies

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  • Pasquale Tridico

Abstract

Many transition economies from the old Soviet Union and Eastern Europe have increased their gross domestic product. But the author argues that the conflicts between old institutions and new are holding them back. Mainstream economics does not adequately deal with these issues, and he proposes a less elegant but more accurate and inclusive model to help with these complex transitions.

Suggested Citation

  • Pasquale Tridico, 2013. "Values, Institutions, and Models of Institutional Change in Transition Economies," Challenge, Taylor & Francis Journals, vol. 56(3), pages 6-27.
    • Handle: RePEc:mes:challe:v:56:y:2013:i:3:p:6-27
    DOI: 10.2753/0577-5132560301
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    References listed on IDEAS

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    1. Gerard Roland, 1994. "The role of political constraints in transition strategies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(1), pages 27-41, March.
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    6. Sebastiano Fadda, 2002. "Does the change of economic institutions require a change in values?," Departmental Working Papers of Economics - University 'Roma Tre' 0028, Department of Economics - University Roma Tre.
    7. J.A. Kregel & Egon Matzner, 1992. "Agenda for the Reconstruction of Central and Eastern Europe," Challenge, Taylor & Francis Journals, vol. 35(5), pages 33-40, September.
    8. Kornai Janos, 1994. "Transformational Recession: The Main Causes," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 39-63, August.
    9. Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-1155, December.
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