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Institutions and Economic Development: A Survey of Aspects of the New Institutional Economics

Abstract: 

In recent years, the New institutional Economics, though yet at its formative stage, has gained currency among some economists and donor agencies like the World Bank. However, its subject matter and its relevance to current issues are little understood by many researchers interested in development problems. This paper presents a survey of the literature and a review of the current state of the New institutional Economics (NIE) with a focus on its meaning, strengths, weaknesses and current argument about its role and importance in the development process. The paper underlines the importance of the NIE and identifies agenda for future research.

Corporate Author: 
Ethiopian Economic Association/Ethiopian Economic Policy Research Institute (EEA/EEPRI)
Publisher: 
Ethiopian Economic Association (EEA)
Primary Descriptors: 

<p>Institutional economics</p>

Secondary Descriptor: 

Cataloge Date: 
03/02/2013
Broad Subject heading: 
Economic development
Call Number: 
330.05 ETH JOU
Serial Key Title: 
Ethiopian Journal of Economics
Publication catagory: 
Content type: 
Volume: 
VI
Year: 
October, 1997
Publication date: 
1997-03-02 00:00:00
Forum or Discussion date: 
2013-03-02 00:00:00
Number: 
2
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Serial (Journal)
Current frequency: 
Semiannual
Author: