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The Emergence Of A New Paradigm In The Institutional Environment Of Industrial Enterprises In Economies In Transition


  • Raluca Irina Clipa


  • Ionel Bostan


  • Flavian Clipa



Starting with a short description of institutional environment specific to the period of centralized economies, this study aims to explain that industrial enterprises in economies in transition now require a new paradigm allowing them to overcome the inertia created by the path dependence in order to become more and more competitive. The new paradigm will include mutations in actions of institutional arrangements, as well as a pro-active participation of industrial entrepreneurs.

Suggested Citation

  • Raluca Irina Clipa & Ionel Bostan & Flavian Clipa, 2016. "The Emergence Of A New Paradigm In The Institutional Environment Of Industrial Enterprises In Economies In Transition," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(3), pages 15-19, September.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:3:p:15-19

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    References listed on IDEAS

    1. John M. Litwack, 1991. "Legality and Market Reform in Soviet-Type Economies," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 77-89, Fall.
    2. Zoltan J. Acs & László Szerb & Erkko Autio, 2015. "Global Entrepreneurship and Development Index 2014," SpringerBriefs in Economics, Springer, edition 127, number 978-3-319-14932-5, December.
    3. Scott J. Wallsten, 2000. "The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 82-100, Spring.
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    More about this item


    Industrial enterprises; institutional environment.;

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth


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