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Institutions and Economic Development: A Survey of Aspects of the New Institutional Economics

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  • Dejene, Aredo

Abstract

In recent years, the New institutional Economics, though yet at its formative stage, has gained currency among some economists and donor agencies like the World Bank. However, its subject matter and its relevance to current issues are little understood by many researchers interested in development problems. This paper presents a survey of the literature and a review of the current state of the New institutional Economics (NIE) with a focus on its meaning, strengths, weaknesses and current argument about its role and importance in the development process. The paper underlines the importance of the NIE and identifies agenda for future research.

Suggested Citation

  • Dejene, Aredo, 2000. "Institutions and Economic Development: A Survey of Aspects of the New Institutional Economics," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 6(2), pages 125-125, March.
    • Handle: RePEc:ags:eeaeje:250265
    DOI: 10.22004/ag.econ.250265
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    Cited by:

    1. Victor Zitian Chen & John Cantwell, 2022. "An evolutionary view of institutional complexity," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 1071-1090, July.

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    Keywords

    Financial Economics;

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