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Adaptive Efficiency During the Great Recession: An Analysis of the Institutional and Organizational Determinants of Crisis Resilience
Description
(Wirtschaft und Politik) 1st ed. 2019 Edition
by Robert Fritzsch (Author)
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.
Details
Year:
2019
Pages:
393
Language:
English
Format:
PDF
Size:
3 MB
ISBN-10:
3658274085
ISBN-13:
978-3658274085
ASIN:
B07VWDKH63
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