期刊名称：Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi – Economic Sciences Series
印刷版ISSN：2501-1960
电子版ISSN：2501-3165
出版年度：2006
卷号：2006
出版社：Sciendo
摘要：This paper focuses on the role of institutions in enhancing economic growth.
Attention to the institutional environment has become increasingly common in
economic history and it has deeply enriched our understanding of how economies
develop through time. Economic development is no longer regarded as a gradual,
inevitable transformation from local autarky to specialization and the division
of labor. Instead, development is seen as a response to the evolution of
institutions that support social and commercial relationships. Economic
development, then, is institutional development and economic growth depends on
institutional efficiency. This paper analyzes the institutional
efficiency from the point of view of New Institutional Economics. That is,
institutions do matter when it comes to costs minimizing or, in other words, the
secret of obtaining efficient institutions consists in reducing transaction
costs and, consequently enforce private property rights.
