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Books > Business & Economics > Economics > Financial crises & disasters
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Adaptive Efficiency During the Great Recession - An Analysis of the Institutional and Organizational Determinants of Crisis Resilience (Paperback, 1st ed. 2019)
Loot Price: R2,801
Discovery Miles 28 010
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Adaptive Efficiency During the Great Recession - An Analysis of the Institutional and Organizational Determinants of Crisis Resilience (Paperback, 1st ed. 2019)
Series: Wirtschaft und Politik
Expected to ship within 10 - 15 working days
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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.
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