Adaptive Efficiency During the Great Recession: An Analysis of the Institutional and Organizational Determinants of Crisis Resilience
Robert FritzschRobert Fritzsch provides an institutional economic analysis of the Great Recession. The author shows that institutions matter as determinants of crisis resilience - however in a different way than predicted by the prominent theories of Olson (1982) and North, Wallis, Weingast (2009), as the crisis was most severe in developed countries with democratic political institutions, rule of law and restrained regulations. The empirical results support theoretical predictions only within the sub-group of developed countries, where rule of law and restrained regulations show a positive association with crisis resilience.
年:
2019
出版:
1st ed. 2019
出版社:
Springer Fachmedien Wiesbaden;Springer Gabler
语言:
english
ISBN 10:
3658274093
ISBN 13:
9783658274092
系列:
Wirtschaft und Politik
文件:
PDF, 2.84 MB
IPFS:
,
english, 2019
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