Institutional Changes as a Driving Force for Structural Reforms in the Transforming Economies
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): (2001)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Phone: (+359 2) 810 40 18
Fax: (+359 2) 988 21 08
Web page: http://www.iki.bas.bg
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- North, Douglass C., 1993.
"Economic Performance through Time,"
Nobel Prize in Economics documents
1993-2, Nobel Prize Committee.
- 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.
- Johnson, Stanley R., 1993. "Emerging Agricultural Institutions in the New Independent States," Staff General Research Papers 568, Iowa State University, Department of Economics.
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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 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.