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IAMO Forum 2011: Will the "BRICs Decade" Continue? – Prospects for Trade and Growth >

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dc.contributor.authorGruševaja, Marinaen_US
dc.date.accessioned2011-10-27en_US
dc.date.accessioned2011-11-01T12:53:02Z-
dc.date.available2011-11-01T12:53:02Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/50784-
dc.description.abstractSystemic economic transition is a process of determined radical institutional change, a process of building new institutions required by a market economy. Nowadays, the experience of transition countries with the implementation of new institutions could be reviewed as a method of economic development that despite similar singular steps has different effects on the domestic economic performance. The process of institutional change towards a market economy is determined by political will, thus the government plays an important role in carrying out the economic reforms. Among the variety of outcomes and effects the attention is drawn especially to economic growth that diverges significantly in different post-transition countries. The paper attempts to shed light upon the problem on the basis of institutional economics, of economics of innovation and partially of political economy of growth using an evolutionary, process-oriented perspective. In this context the issue central to the promotion of economic growth is the successful implementation of new institutions through governmental activities. The paper shows that under the conditions of bounded rationality and radical uncertainty economic growth is determined, inter alia, by the capacity for governmental learning. Keywords: institutional change, governmental learning, economic growthen_US
dc.language.isoengen_US
dc.publisherLeibniz-Institut für Agrarentwicklung in Mittel- und Osteuropa (IAMO) Halle (Saale)en_US
dc.relation.ispartofseriesIAMO Forum 2011 2en_US
dc.subject.jelB52en_US
dc.subject.jelD80en_US
dc.subject.jelO43en_US
dc.subject.ddc330en_US
dc.titleGovernmental learning as a determinant of economic growthen_US
dc.typeConference Paperen_US
dc.identifier.ppn670765872en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:iamo11:2-
Appears in Collections:IAMO Forum 2011: Will the "BRICs Decade" Continue? – Prospects for Trade and Growth

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