IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2001i2p77-89.html

Institutional Changes as a Driving Force for Structural Reforms in the Transforming Economies

Author

Listed:
  • Krassimira Kuneva

Abstract

The article discusses two basic approaches for the structural reform in the countries in transition – evolutionary and innovational. This is done from the viewpoint of the New Institutional Economy (NIE). According to the first approach the institutional changes are described as a result of the process of self-organisation (self-reproduction, self-identification, self-perpetuation) in which only economic factors take part. The aim is to minimise the transaction expenses, i.e. the expenses for the realisation of the deals (the contracts) which leads to the increase of the profits of those who initiated the change. This however is not always accomplished in the desired direction because a historical burden and dependence are present. In many cases society is locked into ineffective institutions and overcoming such situations may be performed only with the active intervention of the state. The innovation approach supposes the involvement of politicians in institutional changes, which inevitably leads to the satisfaction of the interests of separate individuals and groups of persons at the expense of those who were privileged by the previous institutions.

Suggested Citation

  • Krassimira Kuneva, 2001. "Institutional Changes as a Driving Force for Structural Reforms in the Transforming Economies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 77-89.
    • Handle: RePEc:bas:econth:y:2001:i:2:p:77-89
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=a93e0864-8a9a-4c88-bfc4-2205b98ba95c&articleid=72d04a3a-864c-4bd8-abc8-571ba2bd925f#a72d04a3a-864c-4bd8-abc8-571ba2bd925f
    Download Restriction: Fee access
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. S. R. Johnson, 1993. "Emerging Agricultural Institutions in the New Independent States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 828-834.
    2. Johnson, Stanley R., 1993. "Emerging Agricultural Institutions in the New Independent States," Staff General Research Papers Archive 568, Iowa State University, Department of Economics.
    3. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    4. Michael Hubbard, 1997. "The ‘New Institutional Economics’ In Agricultural Development: Insights And Challenges," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 239-249, January.
    5. repec:cup:jechis:v:31:y:1971:i:01:p:118-125_09 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. E Kasabov, 2010. "Success of Path Dependence Through Perpetuation of Failure During Reform," Economic Issues Journal Articles, Economic Issues, vol. 15(1), pages 55-82, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zezza, Alberto & Llambi, Luis, 2002. "Meso-Economic Filters Along the Policy Chain: Understanding the Links Between Policy Reforms and Rural Poverty in Latin America," World Development, Elsevier, vol. 30(11), pages 1865-1884, November.
    2. Csaki, Csaba, 1995. "Where is Agriculture Heading in Central and Eastern Europe? Emerging Markets and the New Role for the Government," 1994 Conference, August 22-29, 1994, Harare, Zimbabwe 183373, International Association of Agricultural Economists.
    3. Engelhardt, Sebastian v. & Freytag, Andreas, 2013. "Institutions, culture, and open source," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 90-110.
    4. Schmid, Andreas, 2007. "Incentive Compatibility and Efficiency in the contractual Insurer-Provider Relationship: Economic Theory and practical Implications: The Case of North Carolina," MPRA Paper 23311, University Library of Munich, Germany, revised 2008.
    5. Jacques Fontanel, 2000. "L'Etat, garant de l’intérêt général ou de certains intérêts particuliers," Post-Print hal-02880886, HAL.
    6. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    7. Clarisse Cazals & A. Rivaud, 2014. "Sectoral heritage and performances of aquaculture [Patrimoine sectoriel et performances le cas de l'aquaculture]," Post-Print hal-01581325, HAL.
    8. Farla, Kristine, 2012. "Institutions and credit," MERIT Working Papers 2012-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Banterle, Alessandro & Stranieri, Stefanella, 2008. "The consequences of voluntary traceability system for supply chain relationships. An application of transaction cost economics," Food Policy, Elsevier, vol. 33(6), pages 560-569, December.
    10. Luis Alfonso Dau & Aya S. Chacar & Marjorie A. Lyles & Jiatao Li, 2022. "Informal institutions and international business: Toward an integrative research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 985-1010, August.
    11. Brian J. L. Berry, 1995. "Whither Regional Science?," International Regional Science Review, , vol. 17(3), pages 297-305, July.
    12. Jonathan D. Ritschel, 2012. "Efficacy of US Legislation in Military Acquisition Programmes: N unn– M cCurdy Act Unveiled," Economic Papers, The Economic Society of Australia, vol. 31(4), pages 491-500, December.
    13. Gaoussou Diarra & Sébastien Marchand, 2011. "Environmental Compliance, Corruption and Governance: Theory and Evidence on Forest Stock in Developing Countries," CERDI Working papers halshs-00557677, HAL.
    14. Michael Fritsch & Korneliusz Pylak & Michael Wyrwich, 2019. "Persistence of Entrepreneurship in Different Historical Contexts," Jena Economics Research Papers 2019-003, Friedrich-Schiller-University Jena.
    15. Marion Payen & Patrick Rondé, 2020. "Culture, Institutions and Economic Growth," Working Papers of BETA 2020-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    16. Jefferson, Gary H., 1997. "China's economic future: A discussion paper," Journal of Asian Economics, Elsevier, vol. 8(4), pages 581-595.
    17. Jacques Fontanel, 2000. "L'arme économique et son application dans l’histoire contemporaine," Post-Print hal-02880893, HAL.
    18. Ying Ma & Abdul Jalil, 2008. "Financial Development, Economic Growth and Adaptive Efficiency: A Comparison between China and Pakistan," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(6), pages 97-111, November.
    19. Caballero-Miguez, Gonzalo & Fernández-González, Raquel, 2015. "Institutional analysis, allocation of liabilities and third-party enforcement via courts: The case of the Prestige oil spill," Marine Policy, Elsevier, vol. 55(C), pages 90-101.
    20. Joachim Ahrens & Patrick Jünemann, 2011. "Adaptive Efficiency and Pragmatic Flexibility: Characteristics of Institutional Change in Capitalism, Chinese-style," Chapters, in: Werner Pascha & Cornelia Storz & Markus Taube (ed.), Institutional Variety in East Asia, chapter 2, Edward Elgar Publishing.

    More about this item

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

    Statistics

    Access and download statistics

    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:bas:econth:y:2001:i:2:p:77-89. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.