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Please use this identifier to cite or link to this item: http://research.bfu.bg:8080/jspui/handle/123456789/473

Title: Институционална промяна и икономическо развитие
Other Titles: Institutional change and economic development
Authors: Sabotinova, Diana
Keywords: institutions
institutional change
economic development
Issue Date: 2013
Publisher: Burgas Free University, 62, San Stefano Str., 8001 Burgas, Bulgaria
Citation: International Research Conference “Knowledge - traditions, innovations, perspectives”, Burgas 14-15 June 2013
Series/Report no.: BFU_MK_2013_TOM_III;str-152
Abstract: This paper presents the theory of Douglass North that explains the ways in which institutions and institutional change affect the performance of economies. Institutions exist due to the uncertainties involved in human interaction. They are the constraints devised to structure that interaction. Institutions vary greatly in their consequences for economic performance. Some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation.
Description: International research conference 2013
URI: http://research.bfu.bg:8080/jspui/handle/123456789/473
ISBN: 978-954-9370-97-3
Appears in Collections:Том III

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