“Institutional capital” as a factor of sustainable development ‐ the importance of an institutional equilibrium / Institucinis kapitalas kaip darnaus vystymosi veiksnys – institucinės pusiausvyros svarba
The main aim of this article is to provide a basis for changing the focus in New Institutional Economics (NIE) from the economic effects of institutions to the importance of “institutional capital” for sustainable development. First, a theoretical model of NIE is presented in the context of sustain...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2008-06-01
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| Series: | Technological and Economic Development of Economy |
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| Online Access: | https://journals.vgtu.lt/index.php/TEDE/article/view/6937 |