Institutions and Transition - Possible Policy Implications of the New Institutional Economics

Forthcoming in Frontiers in Economics

Posted: 10 Jan 2002  

Stefan Voigt

University of Hamburg - Institute of Law & Economics; CESifo (Center for Economic Studies and Ifo Institute)

Hella Engerer

German Institute for Economic Research (DIW Berlin)

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Abstract

Possible policy implications of the New Institutional Economics are dealt with. Before spelling them out, the core questions of this research program as well as its main assumptions and hypotheses are described. Since a familiar reproach toward the New Institutional Economics is its lack of empirical results, empirical insights are surveyed. Special emphasis is put on the explanation of the transition experience of the Central and Eastern European countries. The paper lists data desiderata whose reduction could spur further academic progress. As a policy-oriented paper, it explicitly names a number of policy implications that can be derived from the New Institutional Economics.

Keywords: New Institutional Economics, Transition, Internal Institutions, External Institutions, Policy Implications

JEL Classification: B25, 010, P26, P30, Z13

Suggested Citation

Voigt, Stefan and Engerer, Hella, Institutions and Transition - Possible Policy Implications of the New Institutional Economics. Forthcoming in Frontiers in Economics. Available at SSRN: https://ssrn.com/abstract=295752

Stefan Voigt (Contact Author)

University of Hamburg - Institute of Law & Economics ( email )

Johnsallee 35
Hamburg, 20148
Germany
+49-40-428385782 (Phone)
+49-40-428386794 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Hella Engerer

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany
49-30-89789-335 (Phone)
49-30-89789-108 (Fax)

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