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De l'Ancienne Economie Institutionnelle à la Nouvelle Economie Institutionnelle: une introduction à quelques débats
[Old Institutional Economics and New Institutional Economics: an Introduction to some debates]

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  • Essiane, Patrick-Nelson Daniel

Abstract

The aim of this paper is to briefly review the main debates between the New Institutional Economics (NIE) and the Old Institutional Economics (OIE). While the NIE is considered in the literature as essentially orthodox, the OIE’s thesis are mainly heterodox. From a theoretical perspective, (i) the nature of institutions, (ii) the organization of firms and (iii) the link between institutional change and economic development are central in the debate. From an empirical perspective, the measures of institutional quality and the methods used to capture institutional changes and their impact on development are the key points of divergence between NEI and OIE. However, some authors are quite optimistic about a potential convergence of the two school of thoughts, which could potentially offers new perspectives on the understanding of institutional phenomenons in economics.

Suggested Citation

  • Essiane, Patrick-Nelson Daniel, 2020. "De l'Ancienne Economie Institutionnelle à la Nouvelle Economie Institutionnelle: une introduction à quelques débats [Old Institutional Economics and New Institutional Economics: an Introduction to ," MPRA Paper 102858, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102858
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    More about this item

    Keywords

    New Institutional Economics; Old Institutional Economics; Literature Review; Institutions; Institutional Change; Development; Debate;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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