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Los Mercados de Instituciones y las Instituciones Endógenas

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  • Carlos Esteban Posada

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Abstract

En este documento se hace énfasis en dos consideraciones que en el medio colombiano usualmente permanecen ocultas : a) no todas las instituciones que tienen importancia económica pueden considerarse exógenas con respecto al desenvolvimiento de largo plazo de la sociedad y, por tanto, causas básicas de éste y "variables de control" de un deux ex machina ; algunas, por el contrario, deben considerarse endógenas : más que causas del desarrollo (o del atraso) son su consecuencia ; b) las instituciones de importancia económica, aún si no son causadas de manera automática por el proceso de desarrollo, podrían considerarse endógenas en el siguiente sentido : su ausencia o presencia y sus alcances son susceptibles de ser entendidos y analizados en los términos usuales de la teoría económica, esto es como "mercancías" cuya oferta debe enfrentar una demanda social ; más aún, tales "mercados" pueden tener equilibrios inestables y, entonces, exhibir una tendencia inherente al cambio. Así, este escrito se inscribe dentro de la tradición de la Economía clásica (vieja y nueva) y es ajeno al enfoque institucionalista, que hace énfasis en el carácter exógeno y determinante de las instituciones y del cambio institucional.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 081.

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Handle: RePEc:bdr:borrec:081

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  1. Overbye, Einar, 1996. " Democracy as Insurance," Public Choice, Springer, vol. 87(3-4), pages 319-45, June.
  2. North, Douglass C., 1993. "Economic Performance through Time," Nobel Prize in Economics documents 1993-2, Nobel Prize Committee.
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  8. Kenneth J. Arrow, 1997. "Invaluable Goods," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 757-765, June.
  9. Adolfo Meisel R., 1996. "Why No Hyperinflation In Colombia? On The Determinants Of Stable Economic Policies," BORRADORES DE ECONOMIA 003780, BANCO DE LA REPÚBLICA.
  10. Coase, R H, 1992. "The Institutional Structure of Production," American Economic Review, American Economic Association, vol. 82(4), pages 713-19, September.
  11. Pejovich, Svetozar, 1994. "The Market for Institutions vs. Capitalism by Fiat: The Case of Eastern Europe," Kyklos, Wiley Blackwell, vol. 47(4), pages 519-29.
  12. Miguel Urrutia Montoya, . "Política Económica e Instituciones," Borradores de Economia 052, Banco de la Republica de Colombia.
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