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Institutional Management versus Economic Growth Factors and Equilibrium Problems

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  • Zbigniew Staniek

Abstract

Purpose: The aim of this article is to indicate the importance of effective institutional management in theory and practice. Economic growth potentials can be used in case of economic disturbances and changes in institutional balance. Design/ Methodology: The article is of theoretical character, however is related to previous empirical research of the author and other representatives of institutional economics. This article is based on research methods used in institutional economics, related at the same time, with methodological issues of economic theory and management sciences. Findings: The concept of higher range institutional balance is crucial in view of discussed problems. It favors utilization of growth factors with simultaneous incorporation of chain and hierarchical relations in economics. Originality/Values: Development of institutional balance concept as a condition of balanced social and economic development expansion.

Suggested Citation

  • Zbigniew Staniek, 2022. "Institutional Management versus Economic Growth Factors and Equilibrium Problems," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 167-184.
    • Handle: RePEc:ers:journl:v:xxv:y:2022:i:special3:p:167-184
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    References listed on IDEAS

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    1. Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1231-1294.
    2. Kaivan Munshi & Mark Rosenzweig, 2006. "Traditional Institutions Meet the Modern World: Caste, Gender, and Schooling Choice in a Globalizing Economy," American Economic Review, American Economic Association, vol. 96(4), pages 1225-1252, September.
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    More about this item

    Keywords

    Institutions; economic growth; growth factors; economic balance; institutional balance.;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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