IDEAS home Printed from https://ideas.repec.org/h/pal/stuchp/978-0-230-31388-0_5.html
   My bibliography  Save this book chapter

A Model of Institutional Change in Transition Economies

In: Institutions, Human Development and Economic Growth in Transition Economies

Author

Listed:
  • Pasquale Tridico

    (University Roma Tre)

Abstract

In this chapter I will introduce a model of institutional change in transition economies, in which the behaviour of agents is affected not only by formal institutions such as new laws and organisations but also by social norms, those old values and habits which influence the shape of new institutions. The analysis is inserted within a political economy framework, where political preferences, social constraints and consensus as well as international conditionality matter. I will argue that institutional costs, which go beyond mere transaction costs, are emerging from the lack of consistency between formal and informal rules, and negatively affect economic performance (an extra cost of transaction). Among FCEs, an important example of this is given in what I call the ‘dichotomy thesis’. Adaptation and changes in the social behaviour of people are difficult and take time, as many surveys today show (New Russia Barometer, 2005;Levada Centre nationwide survey 2008).

Suggested Citation

  • Pasquale Tridico, 2011. "A Model of Institutional Change in Transition Economies," Studies in Economic Transition, in: Institutions, Human Development and Economic Growth in Transition Economies, chapter 4, pages 136-155, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-31388-0_5
    DOI: 10.1057/9780230313880_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:stuchp:978-0-230-31388-0_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.