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Framework For Researching The Modelling Possibilities Of Institutional Behavior

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  • Milica Delibasic
  • Niksa Grgurevic
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    Abstract

    This paper will try to conceptualise the primary structural elements of the exemplary model of institutional behavior as a framework for bounded economic rationality, based on the sublimation of the key recommendations from the extensive scientific literature and heterogeneous indicators of institutional development. Its hypothesis states that this model should be based on a) homogeneous framework of interaction between domestic political, economic and other social institutions, and b) the role of external institutions, which, in their totality determine the economic choices and the corresponding effects, and c) application of the principles, conclusions and explanations that offer institutional economic theory.

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    File URL: http://repec.mnje.com/mje/2013/v09-n04/mje_2013_v09-n04-a15.pdf
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    Bibliographic Info

    Article provided by Economic Laboratory for Transition Research (ELIT) in its journal Montenegrin Journal of Economics.

    Volume (Year): 9 (2013)
    Issue (Month): 4 ()
    Pages: 65-76

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    Handle: RePEc:mje:mjejnl:v:9:y:2013:i:4:p:65-76

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    Web page: http://www.mnje.com

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    1. Barro, Robert J., 1990. "Government Spending in a Simple Model of Endogeneous Growth," Scholarly Articles 3451296, Harvard University Department of Economics.
    2. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," NBER Working Papers 9305, National Bureau of Economic Research, Inc.
    3. Daron Acemoglu & Simon Johnson & James Robinson, 2004. "Institutions As The Fundamental Cause Of Long-Run Growth," DOCUMENTOS CEDE 002889, UNIVERSIDAD DE LOS ANDES-CEDE.
    4. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-68, June.
    5. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
    6. Dani Rodrick, 2003. "Growth Strategies," Economics working papers 2003-17, Department of Economics, Johannes Kepler University Linz, Austria.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    8. Baron, James N & Hannan, Michael T, 1994. "The Impact of Economics on Contemporary Sociology," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1111-46, September.
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