The New Institutional Economics and its applicability to development

Nabli, Mustapha K.; Nugent, Jeffrey B.

doi:10.1016/0305-750x(89)90076-4

Cited by 150 publications

(79 citation statements)

References 41 publications

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“…In the past, the solution to the so-called "tragedy of the commons" was the establishment of enforceable property rights over the resources. However, recent work by Ostrom and others has shown that local institutional arrangements including customs and social conventions designed to induce cooperative solutions can overcome the collective action difficulties and help achieve efficiency in resource use (Nabli & Nugent, 1989). …”

Section: Theory Of Collective Actionmentioning

confidence: 99%

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The New Institutional Economics: Applications for Agricultural Policy Research in Developing Countries

Kherallah

Kirsten

2002

Agrekon

147

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Section: Theory Of Collective Actionmentioning

confidence: 99%

“…The purpose of the NIE is both to explain the determinants of institutions and their evolution over time, and to evaluate their impact on economic performance, efficiency, and distribution (Nabli & Nugent, 1989). There is also a sort of two-way causality between institutions and economic growth.…”

mentioning

confidence: 99%

The New Institutional Economics: Applications for Agricultural Policy Research in Developing Countries

Kherallah

Kirsten

2002

Agrekon

147

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“…This approach is used to describe most accurately the determinants related to: the institutions and their evolution in time as well as the assessment of the effect on the economic results mediated by and despite the effectiveness of the distribution of resources (19).…”

Section: Nie Clarifies the Following: What Necessitatesmentioning

confidence: 99%

The firm as a contract

Georgiev¹

2015

TJS

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This study aims to clarify the firm in neo-institutional context. The firm is a particularly dynamic, constantly evolving process and an organizational structure. The firm is a symbiosis of entities, internal and external regulations, market and non-market mechanisms and relations, legal and economic conditions and effects. In the legal aspect, it is the sum of relationships developing inside and outside the scope of the organization legal process through which the property is managed. Economically, it is an organization created to profit from the production optimum. In the neo-institutional context, it is an abstract mechanism to control processes -on the one hand legal, economic, social and other administrative, marketing and arbitration -Contract processes. These companies have resources to create a balance between the costs behavioral resources for speed and security. The assessment of such corporate efficiency is based on transaction costs.

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“…B. Nugent (University of Southern California, Los Angeles, United States) (Nabli & Nugent, 1989) identifies the potential complementarities between the important components of new institutional economics and illustrates their applicability to various problems and policies in the long-term development of developing countries. This analysis is applicable to the assessment of the situation of development of economic institutions in Russia in the different areas of economy and society: the questions of innovation activities, of intellectual property protection, of economic security, of social integration (Mingaleva & Mirskikh, 2009, 2014Mingaleva & Gataullina, 2012;Shelomentsev, 2007).…”

Section: The Theorymentioning

confidence: 99%

The Problems of Development of Economic Institutions in Russia

Mingaleva¹,

Шеломенцев²

2014

ASS

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Delayed payments of wages, defaults, hostile takeovers of privatized companies and similar actions caused a lot of problems in economic system of Russia. Notwithstanding the every effort taken by the government, the new model of economic management was inefficient until a cluster of complementary institutions was formed. Analysis of transformation processes in the Russian economy shows that the evolution of economic institutions has since the early 90s been a complicated, often inconsistent process, mainly directed towards internalization of informal institutions, import of institutions and restoration of institutions.The paper examines the evolution of economic institutions in Russia since the beginning of market reforms. The authors reveled the close relationship and direct correlation between the effectiveness of Russian economic reforms and forming the new economic institutions.

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The New Institutional Economics and its applicability to development

Cited by 150 publications

References 41 publications

The New Institutional Economics: Applications for Agricultural Policy Research in Developing Countries

The New Institutional Economics: Applications for Agricultural Policy Research in Developing Countries

The firm as a contract

The Problems of Development of Economic Institutions in Russia

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