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El programa de la nueva economía institucional: lo macro, lo micro y lo político

Author

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  • Gonzalo Caballero

    (Universidad de Vigo)

Abstract

The New Institutional Economics is the most relevant theoretical and empirical body to have emerged in economics in recent years. The Nobel Prize award to Ronald H. Coase in 1991 and to Douglass C. North in 1993 meant a basic impulse for this literature which emphasises that institutions matter and their determinants are susceptible to analysis because economic and political reality is characterized by positive transaction costs. In this article we present an integrating and updated vision of New Institutional Economics, developing his methodological and conceptual basis and constituting a presentation scheme in three categories: a macroanalytic perspective, a microanalytic perspective and transaction cost politics.

Suggested Citation

  • Gonzalo Caballero, 2002. "El programa de la nueva economía institucional: lo macro, lo micro y lo político," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 50(02), pages 230-261.
    • Handle: RePEc:ekz:ekonoz:2002210
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    Cited by:

    1. Yakira Fernández-Torres & Milagros Gutiérrez-Fernández & Julián Ramajo-Hernández, 2018. "Business Regulation And Economic Growth: The Indirect Effect Of Corruption In Latin America And The Caribbean," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-22, March.
    2. Iraima C. Meléndez Muñoz & Fabio Maldonado-Veloza, 2014. "Institutionalism as a determining factor in the governance process," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 39(38), pages 59-86, july-dece.

    More about this item

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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