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Institutionalism as a determining factor in the governance process

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  • Iraima C. Meléndez Muñoz

    (Instituto de Investigaciones Económicas y Sociales. Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Núcleo Universitario Liria. Edificio G. Piso 3.)

  • Fabio Maldonado-Veloza

    (Departamento de Economía. Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Núcleo Universitario Liria. Edificio H. Piso 3.)

Abstract

This paper aims at analyzing the relationship between institutional evaluation and the theory of governance, taking into account the existence of a knowledge movement, institutional development, and the assurance of government sustainability; namely, institutionalism as a discussion center of governance will affect the long-term economic development of States. For this, contributions of economic institutionalism and its connection with the theory of governance, through a historical inquiry with the most outstanding contributions of this movement, are presented.

Suggested Citation

  • Iraima C. Meléndez Muñoz & Fabio Maldonado-Veloza, 2014. "Institutionalism as a determining factor in the governance process," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 39(38), pages 59-86, july-dece.
    • Handle: RePEc:ula:econom:v:39:y:2014:i:38:p:59-86
    as

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    References listed on IDEAS

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    4. Gonzalo Caballero, 2002. "El programa de la nueva economía institucional: lo macro, lo micro y lo político," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 50(02), pages 230-261.
    5. Kaufmann, Daniel & Kraay, Aart & Mastruzzi, Massimo, 2010. "The worldwide governance indicators : methodology and analytical issues," Policy Research Working Paper Series 5430, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Institutionalism; governance; democracy; economic development.;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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