Purpose The paper provides a detailed historical account of Douglass C. North's early intellectual contributions and analytical developments in pursuing a Grand Theory for why some countries are rich and others poor. Design/methodology/approach The author approaches the discussion using a...

This paper was prepared to support the Libyan Ministry of Health in designingand establishing its health economics unit. Over the past decade, Libya's health systemhas been significantly and negatively impacted by the country's conflict, and the Ministryof Health has not been able to execute key...

Over the last couple of decades, non-majoritarian institutions (NMIs) have been introduced in many countries. Of late, they have been criticized as promoting technocracy to the detriment of democracy. A number of political scientists even argue that they would strengthen populists and be, hence,...

Robert Higgs’ work has great significance for understanding the role of state power in the economic and political oppression of social groups targeted for discrimination. In this chapter, I draw three themes from Higgs’ work that can be applied to better understand the nature, function, and...

The New Institutional Economics (NIE) has its early roots in Cliometrics. Cliometrics began with a focus on using neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political development within and across countries is limited,...

The European Commission is charged with implementing the Digital Markets Act (DMA) which will impose a list of 22 do and don't to Big Tech platforms in March 2024. Based on economic and legal reasoning, this paper asks how the Commission can fulfil this challenging task effectively. The paper...

This research aims to investigate how institutional pressures, such as legal, cultural, and normative factors, affect CSR reporting (CSRR) in the context of a developing nation. Based on the purposive sample method, 272 DSE-listed companies from 2017-18 to 2020-21 were identified, and 1088...

Pakistan has suffered from pervasive corruption since its foundation. It deals with an unstable political atmosphere and unsustainable economic development due to its fragile institutional setting. The predominance of military power that does not hesitate to overrule any government when it faces...

Stakeholder theorists have traditionally objected to the neoclassical conception of the firm as a vehicle for maximizing profit or shareholder wealth, thus opening up space for controversial engagement with neoclassical economics. The present paper fills some of this space by elaborating the...

Die Ökonomische Analyse des Rechts entwickelte sich in den 1960er Jahren in den USA und hat sich inzwischen einen Platz in der deutschen juristischen Methodenlehre gesichert. Eng mit ihr verwandt ist die wirtschaftswissenschaftliche Strömung der Neuen Institutionenökonomik. Während die...

Institutions and the Performance of Economies over Time -- The Institutional Structure of Production -- Transaction Cost Economics -- Doing Institutional Analysis -- Electoral Institutions and Political Competition Revisited: Coordination, Persuasion, Mobilization -- Presidential, Parlamentary...

We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality...

In this conceptual paper, we discuss the evolutionary root causes of institutional complexity, defined as inherently incompatible prescriptions when different sources of institutions intersect at the same space and time. We suggest that societies are not delineated by clear-cut boundaries, but...

The organization of complex projects relies more than that of simpler ones on institutions. Neo-institutional theory, not only the most popular branch of institutional theory, but also of organization theory more generally, has for decades emphasized the role of institutions, internal as well as...

Purpose: The growing adoption of Industry 4.0 offers opportunities and promotes changes in markets, business models, supply chains and operations. However, adopting new technologies and practices is beyond the simple rational decision and the search for efficiency. There are contextual social...

More donors are formally assessing their multilateral aid disbursement policies as well as the multilateral institutions that they contribute to. Analyzing OECD Creditor Reporting System data from 2011 to 2019 of 23 donors and 34 multilateral organizations, we find evidence of institutional...

The aim of the research is to identify the strength and direction of the development of the relationship between formal and informal institutions and to assess the institutional equilib- rium of modern economies. The structural equations modelling based on partial least squares (SEM-PLS) is...

"A Short History of Transport in Japan from Ancient Times to the Present is a unique study: the first by a Western scholar to place the long-term development of Japanese infrastructure alongside an analysis of its evolving political economy. Drawing from New Institutional Economics, Black offers...

International nongovernmental organizations (INGOs) face greater accountability demands from various stakeholders, and from their beneficiaries in particular. This has initiated an academic discourse on a more comprehensive approach to INGO accountability. However, the theoretical foundation to...