Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice

The first part discusses the consequences of the deficit of real institutional changes in post-socialist SEE countries, and their substitutions by the various anti-developmental institutional imitations, which essentially had the character of alternative quasi-institutions and were in a function...

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Main Authors: Veselin Draskovic, Evgeny Popov, Kestutis K. Peleckis
Format: Article
Language:English
Published: NGO “Economic Laboratory for Transition Research” (ELIT) 2017-03-01
Series:Montenegrin Journal of Economics
Subjects:
Online Access:http://repec.mnje.com/mje/2017/v13-n01/mje_2017_v13-n01-a19.pdf
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author Veselin Draskovic
Evgeny Popov
Kestutis K. Peleckis
author_facet Veselin Draskovic
Evgeny Popov
Kestutis K. Peleckis
author_sort Veselin Draskovic
collection DOAJ
description The first part discusses the consequences of the deficit of real institutional changes in post-socialist SEE countries, and their substitutions by the various anti-developmental institutional imitations, which essentially had the character of alternative quasi-institutions and were in a function of enrichment for the privileged individuals. It points to the importance of neo-institutional economic theories (NET), which provide a sound grounds and recommendations for explanation of the imitation changes, which had anti-institutional and anti-development character.
format Article
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institution DOAJ
issn 1800-5845
1800-6698
language English
publishDate 2017-03-01
publisher NGO “Economic Laboratory for Transition Research” (ELIT)
record_format Article
series Montenegrin Journal of Economics
spelling doaj-art-f23cb865d002414cb865ef83d81021702025-08-20T02:51:07ZengNGO “Economic Laboratory for Transition Research” (ELIT)Montenegrin Journal of Economics1800-58451800-66982017-03-01131121140Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and PracticeVeselin DraskovicEvgeny PopovKestutis K. PeleckisThe first part discusses the consequences of the deficit of real institutional changes in post-socialist SEE countries, and their substitutions by the various anti-developmental institutional imitations, which essentially had the character of alternative quasi-institutions and were in a function of enrichment for the privileged individuals. It points to the importance of neo-institutional economic theories (NET), which provide a sound grounds and recommendations for explanation of the imitation changes, which had anti-institutional and anti-development character.http://repec.mnje.com/mje/2017/v13-n01/mje_2017_v13-n01-a19.pdfinstitutionsinstitutional modellingtransaction costsinstitutional designformalisation of institutions
spellingShingle Veselin Draskovic
Evgeny Popov
Kestutis K. Peleckis
Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
Montenegrin Journal of Economics
institutions
institutional modelling
transaction costs
institutional design
formalisation of institutions
title Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
title_full Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
title_fullStr Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
title_full_unstemmed Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
title_short Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice
title_sort modelling of institutional changes in transition countries the gap between the theory and practice
topic institutions
institutional modelling
transaction costs
institutional design
formalisation of institutions
url http://repec.mnje.com/mje/2017/v13-n01/mje_2017_v13-n01-a19.pdf
work_keys_str_mv AT veselindraskovic modellingofinstitutionalchangesintransitioncountriesthegapbetweenthetheoryandpractice
AT evgenypopov modellingofinstitutionalchangesintransitioncountriesthegapbetweenthetheoryandpractice
AT kestutiskpeleckis modellingofinstitutionalchangesintransitioncountriesthegapbetweenthetheoryandpractice