IDEAS home Printed from https://ideas.repec.org/a/aic/journl/y2006v13p246-249.html
   My bibliography  Save this article

Relatia eficienta institutionala -crestere economica din perspectiva economiei neoinstitutionale

Author

Listed:
  • Andreea Oana Iacobuta

    ()

  • Ramona Frunza

    () (The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

Abstract

This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer regarded as a gradual, inevitable transformation from local autarky to specialization and the division of labor. Instead, development is seen as a response to the evolution of institutions that support social and commercial relationships. Economic development, then, is institutional development and economic growth depends on institutional efficiency. This paper analyzes the institutional efficiency from the point of view of New Institutional Economics. That is, institutions do matter when it comes to costs minimizing or, in other words, the secret of obtaining efficient institutions consists in reducing transaction costs and, consequently enforce private property rights.

Suggested Citation

  • Andreea Oana Iacobuta & Ramona Frunza, 2006. "Relatia eficienta institutionala -crestere economica din perspectiva economiei neoinstitutionale," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 52, pages 246-249, November.
  • Handle: RePEc:aic:journl:y:2006:v:13:p:246-249
    as

    Download full text from publisher

    File URL: http://anale.feaa.uaic.ro/anale/resurse/39_Iacobuta_AO,_Frunza_R_-_Relatia_eficienta_institutionala-crestere_economica_din_perspectiva_economiei_neoinstitutionale.pdf
    Download Restriction: no

    File URL: http://anale.feaa.uaic.ro/anale/en/Arhiva%202006%20-%20Iacobuta/173
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2006:v:13:p:246-249. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru). General contact details of provider: http://edirc.repec.org/data/feaicro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.