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Институционална Среда, Дерегулация И Естественото Равнище На Транзакционни Разходи
[Institutional Environment, Deregulation and the Natural Rate of Transaction Costs]

Author

Listed:
  • Kosuliev, Aleksandar

Abstract

Institutional reform during the last three decades has been directed towards deregulation in attempt to reduce transaction costs related to compliance with administrative requirements. This paper tries to find the limits of the effectiveness of such measures by putting them into the framework of a hypothesis about the natural level of transaction costs. The hypothesis is explained by looking for parallels to the natural rate of unemployment.

Suggested Citation

  • Kosuliev, Aleksandar, 2009. "Институционална Среда, Дерегулация И Естественото Равнище На Транзакционни Разходи [Institutional Environment, Deregulation and the Natural Rate of Transaction Costs]," MPRA Paper 92264, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92264
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    File URL: https://mpra.ub.uni-muenchen.de/92264/1/MPRA_paper_92264.pdf
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    References listed on IDEAS

    as
    1. Tue Gørgens & Martin Paldam & Allan H. Würtz, 2005. "Growth, Income and Regulation: a Non-Linear Approach," CAM Working Papers 2005-12, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
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    More about this item

    Keywords

    Institutions; Transaction Costs; Regulation; Deregulation; Institutional Reforms; Natural Rate of Transaction Costs; Natural Rate of Unemployment;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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