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Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice

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  • Veselin Draskovic
  • Evgeny Popov
  • Kestutis K. Peleckis

Abstract

The first part discusses the consequences of the deficit of real institutional changes in post-socialist SEE countries, and their substitutions by the various anti-developmental institutional imitations, which essentially had the character of alternative quasi-institutions and were in a function of enrichment for the privileged individuals. It points to the importance of neo-institutional economic theories (NET), which provide a sound grounds and recommendations for explanation of the imitation changes, which had anti-institutional and anti-development character.

Suggested Citation

  • Veselin Draskovic & Evgeny Popov & Kestutis K. Peleckis, 2017. "Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(1), pages 125-140.
    • Handle: RePEc:mje:mjejnl:v:13:y:2017:i:1:p:125-140
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    1. Veselin Draskovic & Mimo Draskovic, 2012. "Institutional Nihilism Of The Post-Socialist Transition," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 191-206.
    2. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
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    5. Mimo Draškovic & Sanja Bauk & Dalia Streimikiene & Veselin Draskovic, 2017. "Testing the Level of Alternative Institutions as a Slowdown Factor of Economic Development: the Case of Montenegro," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 477-477, May.
    6. Evgenij Popov, 2006. "Theory Of Evolution In The Mini-Economics Institutions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 2(3), pages 57-74.
    7. Polterovich, Victor, 2007. "Institutional Trap," MPRA Paper 20595, University Library of Munich, Germany.
    8. Polterovich, Victor & Popov, Vladimir, 2006. "Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития [An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]," MPRA Paper 22168, University Library of Munich, Germany.
    9. Kornai Janos, 1994. "Transformational Recession: The Main Causes," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 39-63, August.
    10. North, Douglass C, 1987. "Institutions, Transaction Costs and Economic Growth," Economic Inquiry, Western Economic Association International, vol. 25(3), pages 419-428, July.
    11. Matthews, R C O, 1986. "The Economics of Institutions and the," Economic Journal, Royal Economic Society, vol. 96(384), pages 903-918, December.
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    Cited by:

    1. Julija Kirsiene & Gabriele Miseviciute, 2017. "Comparative Analysis of Liability Cases for Bankruptcies of Financial Institutions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(3), pages 85-99.
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    3. repec:mje:mjejnl:v:12:y:2017:i:3:p:85-99 is not listed on IDEAS
    4. Mimo Draskovic, 2019. "Perception of the Impact of Negative Externalities on the Logistics Development of Adriatic Seaports of Koper, Rijeka and Bar," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 228-228, February.
    5. Veronika Cabinova & Erika Onuferova & Peter Gallo Jr. & Peter Gallo & Juraj Gallo, 2018. "A Comparative Analysis of Modern Performance Methods in Economic Practice," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 85-96.
    6. Alexandra Grigorievna POLYAKOVA & Julia Nikolaevna NESTERENKO & Elena Albertovna SVERDLIKOVA, 2018. "A Philosophical Approach of the Modernization Process of Russian Economy and Economic Institutions," Postmodern Openings, Editura Lumen, Department of Economics, vol. 9(1), pages 109-128, March.
    7. Yelena Andreyeva & Andrei Maltsev & Mikhail Maslennikov & Artyom Ratner, 2018. "Global Economic Relations of a Region in the Investigations of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 612-622.

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