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Shaping the Institutional Infrastructure

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  • Winiecki, Jan

Abstract

Certainly types of laws and institutions shape economic behavior in market economies. In Eastern Europe, these general rules and market institutions are often nonexistent and a major problem is to create market economies while simultaneously building the supporting institutions. The author describes the type of institutions inherited from Soviet-style economies and shows institutional reforms and macroeconomic policies may have limited effects due to the interdependence and lack of complementary market institutions. Without a 'critical mass' of market institutions, the benefits of markets are slow in realization. The advantages of reforming existing but distorted institutions over building new ones is stressed. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Winiecki, Jan, 1994. "Shaping the Institutional Infrastructure," Economic Inquiry, Western Economic Association International, vol. 32(1), pages 66-78, January.
    • Handle: RePEc:oup:ecinqu:v:32:y:1994:i:1:p:66-78
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    Cited by:

    1. Stukach, Victor & Astashova, Ekaterina & Shumakova, Oksana, 2006. "Трансакционные Издержки На Аграрном Рынке: Измерение, Регулирование, Оптимизация [Transaction costs in the agrarian market: measurement, regulation, optimization]," MPRA Paper 78031, University Library of Munich, Germany, revised Jan 2017.
    2. Stukach, Victor, 2013. "Применение Почвозащитных Технологий В Регионах, Подверженных Ветровой Эрозии: Механизмы Мотивации Собственников Земли [Application of soil protection technologies in regions prone to wind erosion: ," MPRA Paper 77730, University Library of Munich, Germany, revised Mar 2017.
    3. Stukach, Victor & Daueshov, Marat, 2002. "Адаптация Хозяйствующих Субъектов Аграрной Сферы: Конъюнктурное Изучение, Государственное Регулирования, Информационная База [Adaptation of economic entities of the agrarian sphere: opportunistic s," MPRA Paper 79120, University Library of Munich, Germany, revised Dec 2015.
    4. Jan Hagemejer & Joanna Tyrowicz, 2020. "A New Instrument for Measuring the Local Causal Effect of Privatisation on Firm Performance," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 35-52.
    5. Nite, Calvin & McLeod, Christopher M. & Beldon, Zachary & Nauright, John, 2020. "Establishing a professional Rugby Union Football League in the USA: Managing institutional pluralism in sport entrepreneurship," Sport Management Review, Elsevier, vol. 23(5), pages 883-897.
    6. Jan Hagemejer & Joanna Tyrowicz & Jan Svejnar, 2014. "Measuring the Causal Effect of Privatization on Firm Performance," Working Papers 2014-14, Faculty of Economic Sciences, University of Warsaw.

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