- Start
- Adaptive Efficiency During the Great Recession
Adaptive Efficiency During the Great Recession
Angebote / Angebote:
Robert Fritzsch provides an institutional economic analysis of the Great Recession. The author shows that institutions matter as determinants of crisis resilience - however in a different way than predicted by the prominent theories of Olson (1982) and North, Wallis, Weingast (2009), as the crisis was most severe in developed countries with democratic political institutions, rule of law and restrained regulations. The empirical results support theoretical predictions only within the sub-group of developed countries, where rule of law and restrained regulations show a positive association with crisis resilience.
Contents
Political Institutions, Interest Group Activity and Crisis ResilienceEconomic Institutions and Crisis Resilience
Target Groups
Scholars and students of economics, political science, and sociologyPoliticians, public employees
About the AuthorRobert Fritzsch is research associate at the chair of institutional economics and economic policy at the University of Erfurt.
Folgt in ca. 5 Arbeitstagen