Fritzsch Adaptive Efficiency During the Great Recession

An Analysis of the Institutional and Organizational Determinants of Crisis Resilience
1. Auflage 2019
ISBN: 978-3-658-27409-2
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 379 Seiten, eBook

Reihe: Wirtschaft und Politik

Robert Fritzsch provides an institutional economic analysis of the Great Recession. The author shows that institutions matter as determinants of crisis resilience - however in a different way than predicted by the prominent theories of Olson (1982) and North, Wallis, Weingast (2009), as the crisis was most severe in developed countries with democratic political institutions, rule of law and restrained regulations. The empirical results support theoretical predictions only within the sub-group of developed countries, where rule of law and restrained regulations show a positive association with crisis resilience.

Zielgruppe

Research

Autoren/Hrsg.

Fritzsch, Robert

Inhaltsverzeichnis

Political Institutions, Interest Group Activity and Crisis Resilience.- Economic Institutions and Crisis Resilience.

Über Autor(innen)

Robert Fritzsch is research associate at the chair of institutional economics and economic policy at the University of Erfurt.