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Fundamentele Institutionale Ale Performantei Economice. Studiu De Sinteza


  • Marinescu, Cosmin

    (Romanian Academy, National Institute of Economic Research)


This study aims to give the general frame of scientific research on transaction costs and economic performance, in fact the institutional economics field. It is going to emphasize the necessity of rethinking the neoclassical theory through the institutional approach within development economics. As an implicit objective, the analyse is trying to outline the methodological and analytical frame useful for explaining the institutional dimension of transaction costs and their importance for institutional reforms. The recent scientific research on institutions and economic development proves that, by reducing transaction costs, the institutions that protect the property rights are decisive for economic development.

Suggested Citation

  • Marinescu, Cosmin, 2011. "Fundamentele Institutionale Ale Performantei Economice. Studiu De Sinteza," Studii Economice 111208, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:111208

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    Institutional Economics; Institutions; Transaction Costs; Economic Performance;

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights


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