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| Zweynert, Joachim; Goldschmidt, Nils. |
| The increasing gap between the formerly socialist countries of Central and Eastern Europe (CE & EE) with regard to both their economic and political performance cannot be explained by their different starting conditions after the breakdown of the Soviet Union alone. Rather, it is due to cultural and historical circumstances that shape the particular tradition and societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that the "reaction rate" of informal institutions depends on their compatibility with imported formal institutions. The transition processes in CE & EE... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cultural Economics; Institutions; Transition; Path Dependence.; Institutional and Behavioral Economics; Z10; P51. |
| Ano: 2005 |
URL: http://purl.umn.edu/26391 |
