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The reconstruction of the institutional system during the process of transition to the market economy


  • Dragomir Laurentiu Constantin
  • Ciobanu George

    (University of Craiova, Faculty of Economics and Business Administration, Romania)


In the socio-economic system, the institutions represent a real structural frame on which the entire economic edifice is standing, inclusively the mechanism of functioning of the economy. The economic processes cannot take place in a normal way without an institutional system made up of a complex network of rules and organizations. Because the transition to the market economy also implies the edification of a new institutional system based on new principles and realities, one also imposes a theoretical and practical analysis of the institutions, of their transformation and adaptation to the new circumstances in order to make the normal economic life possible.

Suggested Citation

  • Dragomir Laurentiu Constantin & Ciobanu George, 2008. "The reconstruction of the institutional system during the process of transition to the market economy," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 138-143, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2008:i:10:p:138-143

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    institutional system; transition; reform; privatization;

    JEL classification:

    • P00 - Economic Systems - - General - - - General
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions


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