This paper explores policy applications of ‘new institutional economics’ theory in relation to markets and economic development. It argues for application of an analytical framework which instead of looking at institutions primarily in terms of their contributions to making competitive markets work better, sees such markets as one form of institution fulfilling exchange and coordination functio...

Abstract. This paper summarizes the arguments and counter-arguments in scholarly debates on transformations healthcare budgeting that should consider differentiated regional vulnerability responding to pandemic. The primary purpose of study is identify priorities for local health development programs. urgency solving this problem pandemic has revealed unprecedented unpreparedness care system re...

Increased public awareness of resource management issues and new attitudes toward resource conservation have led to great interest in the subject of the apposite use and management of natural and environmental resources in the American West. This paper analyzes this subject from an interdisciplinary ecological-economic perspective. Four salient issues concerning the study of the West’s ecologic...

A hallmark of modern labor economics is the close interplay between the development of theory, data sources and econometric testing. The evolution of the economic analysis of unemployment insurance provides a good illustration. New theoretical approaches, in particular job-search theory, have inspired a large amount of empirical research, some of it methodologically innovative and most of it hi...

The purpose of this paper is to review the main literature that has analyzed the channels through which institutions influence economic change, hence development. The interest for this topic arises from the relatively recent consensus that has emerged among scholars and policy makers in considering institutions a key factor shaping the outcome of the economic game. The aim is pursued by discuss...

Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research. This paper argues that reported subjective well-being is a satisfactory empirical approximation to individual utility and endeavors to provide an impression of this new, and challenging, development. We study data from the German Socio-Economic Panel to better understand (i) t...

The paper surveys some recent developments in the literature which studies continuous-time evolutionary dynamics in the context of economic modeling. JEL CLASSIFICATION NUMBER: C73, C62.

A substantial part of the economic growth literature suggests that historically, geographic features such as decreasing trade costs have not only enhanced output, but may also be associated with rapid urbanization and ’growth take-offs’. However, this literature lacks an analytical motivation for lower transport costs, and assumes their decrease to obtain exogenously and at no cost: It thus doe...

there are many approaches in economic literature for investigation of firm performance. in general, those theories very useful for investigation the nature and role of competitive advantage. resource based view, dynamic capability, entrepreneurial theory, neoclassic theory, industrial organization approach are some of those theories. todays, banks try to attract customers through various new me...

The IMP research tradition has always been open to the cross-fertilisation of ideas with other social science disciplines that study similar phenomena. Recent years have seen a growing interest among IMP researchers in phenomena such as regional strategic networks, spatial clusters and innovation and new business development in networks. IMP papers published on these topics are increasingly cit...