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Priority Of The Anti-Crisis Economic Policy Based On Innovative-Institutional Changes

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  • Veselin Draskovic
  • Mimo Draskovic

Abstract

The combination of a global and local factors gives the modern financial and economic crisis a specificity and uniqueness. The aim of this paper is to point to the urgent need of the consistent anti-crisis economic policy creation, which must take into account local and global crisis and risks factors. This article discusses the influence of real institutionalization on the quality and efficiency of the economic policy. It points out at a primary significance of institutionalization on economic policy as well as on a destructive effect of pseudo-institutes on economic policy and valorisation of economic resources. Departs from the hypotheses that the creation efficient anti-crisis economic policy requires a correct and timely identification of the problems and crisis process, formulating their monitoring, defining the necessary measures and creating a development approach, which should be based on innovative-institutional modeling.

Suggested Citation

  • Veselin Draskovic & Mimo Draskovic, 2009. "Priority Of The Anti-Crisis Economic Policy Based On Innovative-Institutional Changes," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 5(10), pages 47-52.
  • Handle: RePEc:mje:mjejnl:v:5:y:2009:i:10:p:47-52
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    References listed on IDEAS

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    1. Jacques Chrissos & Roland Gillet, 2016. "D├ęcision d'investissement," ULB Institutional Repository 2013/244421, ULB -- Universite Libre de Bruxelles.
    2. Jacques Chrissos & Roland Gillet, 2008. "D├ęcision d'investissement," ULB Institutional Repository 2013/14363, ULB -- Universite Libre de Bruxelles.
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    Cited by:

    1. Bagrat Yerznkyan, 2012. "Institutional Economics At The Crossroads: A View From Russia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), pages 27-45.

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