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Adaptive Efficiency During the Great Recession

Product Image: Adaptive Efficiency During the Great Recession

Adaptive Efficiency During the Great Recession

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Description
Robert 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.
Product details
Binding:
Paperback
Edition:
1
Number of Pages:
396
Release Date:
2019-08-09
Publication Date:
2019-08-09
Publisher:
Springer Fachmedien Wiesbaden
Languages:
Original: English
ISBN10:
3658274085
ISBN13:
9783658274085
GPSR Manufacturer Reference:
Weight:
511 g
Height:
148 cm
Width:
210 cm
Thickness:
22 cm
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