Record Details

A Political Economy Approach of Institutional Research

Journal of Economics Bibliography

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Field Value
 
Title A Political Economy Approach of Institutional Research
 
Creator LIU, Michelle Yan;

Dongbei University of Economics and Finance

 

Dalian, China
 
Subject Institutional economics; Political economy; Comparative economic system; Comparative political system; World Governance Index (WGI).
O43; P26; P51.
 
Description Abstract. Institutional research is ready to move to the next stage, the stage, as argued by this paper, should be characterized with a more comprehensive and integrated social sciences approach. The theoretical foundation for such a move exists, as the naturel connections between political institutions and economic institutions were well addressed by North, Fukuyama, and Acemoglu; the influences of cultural heritage on the institutional choices were aldo discussed by North and Huntington. Another shift in institutional research proposed by this paper is the change from the general solutions to the specific solutions because the institutional characteristics are individualized after considering the impacts of culture heritage. Through the data analysis of World Governance Index (WGI) and other development indicators this paper presents the connections between political and economic institutions and the unique characteristics of political orders and developmental paths of a few specific groups of countries. The paper also discusses the influences of cultural heritage on the institution’s choice and transformation path. Finally the paper proposes an institutional research framework.Keywords. Institutional economics, Political economy, Comparative economic system, Comparative  political system, World Governance Index (WGI).JEL. O43, P26, P51.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2017-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1242
10.1453/jeb.v4i2.1242
 
Source Journal of Economics Bibliography; Vol 4, No 2 (2017): June; 110-127
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1242/1300
 
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http://creativecommons.org/licenses/by-nc/4.0