In this paper, we examine the impact of institutional quality on the returns on key drivers of economic growth in 230 European Union (EU) NUTS-2 regions from 2009 to 2017. To estimate region-specific elasticities, we employ a latent class modelling approach, considering the quality of government...

The credibility thesis premises that an institution's endogenous credibility and function, rather than its form, ensures its persistence. Informal rental housing (IRH), an informal housing institution in China, was suggested to serve as a dwelling for low-income residents in previous research on...

This paper investigates the link between corporate investments, eco-nomic policy uncertainty and the quality of institutional environments. The corporate investments of private firms in 10 European countries from 2009 to 2018 were examined and a negative effect of economic policy uncertainty on...

Purpose - This study aims to identify informal institutions for bottom-of-the-pyramid (BoP) business models in the agricultural sector through the case study of banana growers' cooperatives. Design/methodology/approach - A case study of six banana cooperatives from Colombia was conducted. The...

This paper examines the relationship between trust in institutions and tax morale, focusing on governance quality. It hypothesizes that the interaction effect between trust in institutions and governance quality significantly influences tax morale. The study also explores whether this effect is...

This article explores preconditions and developmental dynamics of institutional innovation in higher education organizations as an outcome of a collaborative educational initiative - a university-based experimental space. Such collaborative learning configurations are often designed to stimulate...

Social ties, as informal institutions, contribute to firms' performance in emerging economies. Formal market-supporting institutions in emerging economies are in general less developed, social ties cultivated by entrepreneurs thus serve as substitutes for formal institutional support. However,...

Agri-environmental climate measures (AECM) are considered a promising tool to achieve environmental policy goals. Not only farmers but also policy administrators and intermediaries are important actors whose attitudes and actions drive the success of these measures. To follow the idea of better...

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...

This paper argues for broadening the application of hysteresis to institutions, policy lockin, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should...

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,...

Using a sample of 193 countries from 2010 to 2019, this study investigates the impact of institutional quality index (IQI) and information and communication technology (ICT) on inclusive growth. The study engaged the panel spatial correlation consistent (PSCC-FE), instrumental...

To investigate and create theories of socio-economic dynamics has always been relevant for professionals in theoretical and applied economics. These theories are urgent in periods of global and catastrophic events since, on the one hand, they can explain the emergence of critical structural...