Adaptive Efficiency During the Grea - E-book

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Adaptive Efficiency During The Great Recession - ENG

An Analysis Of The Institutional And Organizational Determinants Of Crisis Resilience

Robert Fritzsch

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Sinopsis

ISBN:	9783658274092
Formato:	Page Fidelity
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Ciencias políticas
Subtema:	Políticas Públicas política económica
Año de publicación:	2019-07-30

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.Â Â

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