This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment … specialization and the division of labor. Instead, development is seen as a response to the evolution of institutions that support …. That is, institutions do matter when it comes to costs minimizing or, in other words, the secret of obtaining efficient …

, but they are very sensitive to the quality of the infrastructure and the functioning of institutions. Another finding is …

The recent history of mankind has shown the importance of institutions for addressing the macroeconomic balances, the …-depth analysis of Romania’s credit institutions convergence with the EU banking system practicies. Significant differences in the …, interest rate margins, have been found. To these, dysfunctions of other institutions, as Bucharest Stock Exchange, authorities …

institutions that define any economic system. Within society, people are perceptive to a system of general rules that provides … incentives and constraints for human behavior. Institutions' and human action's mutuality, and also its economic and political … implications, explain the essential importance of institutions in economic science and the institutional approach viability. …

The study and comprehension of institutions – viewed as written and unwritten constraints (rules) initiated by people … economies and societies. The framework inspired by institutions to which people dedicated maximum energy and talent also …