X and Y Economies in Russia: Neoinstitutional Approaches
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In this paper, a new concept of the structure of the Russian market, within which he singles out some other market types existing on the legal and the shadow levels, is presented.Abstract:
The article dwells on the neo-institutional approaches of R.Coase, D.North, V.Oyken and K.Polanyi to treatment of the two types of economies: the Western liberal-market and centrally controlled, redistributive economics. The author with the help of this neo-institutional methodology presents his own new concept of the structure of the Russian market, within which he singles out some other market types existing on the legal and the shadow levels.read more
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Entrepreneurial Entry and Shadow Economy: The Case of Transition Countries
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Kazakhstan’s Agricultural Economy after the Accession to WTO: Economic Transformation and Realistic Dilemma
Yunqi Cui,Nian Fu +1 more
TL;DR: In this paper , a data analysis from the databases of the Republic of Kazakhstan Bureau of National Statistics, World Trade Organization, and World Bank is presented to illustrate that while informal institutions standing still, the market economy reform, which is the transplant of the formal institution, has the endogenous dynamic effects on Kazakhstan's domestic economic sectors, especially its underdeveloped agriculture.
References
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Book
Institutions, Institutional Change and Economic Performance
TL;DR: Douglass C. North as discussed by the authors developed an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time.
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.
Book
The Problem of Social Cost
TL;DR: In this paper, it is argued that the suggested courses of action are inappropriate, in that they lead to results which are not necessarily, or even usually, desirable, and therefore, it is recommended to exclude the factory from residential districts (and presumably from other areas in which the emission of smoke would have harmful effects on others).