| Adaptive Efficiency During the Great Recession: An Analysis of the Institutional and Organizational Determinants of Crisis Resilience 2019 Edition Contributor(s): Fritzsch, Robert (Author) |
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ISBN: 3658274085 ISBN-13: 9783658274085 Publisher: Springer Gabler OUR PRICE: $104.49 Product Type: Paperback Published: August 2019 |
| Additional Information |
| BISAC Categories: - Political Science | Public Policy - Economic Policy - Business & Economics | Economics - Theory - Law | Commercial - General |
| Dewey: 330 |
| Physical Information: 0.81" H x 5.83" W x 8.27" (1.04 lbs) 379 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |