Adaptive efficiency during the Great Recession : an analysis of the institutional and organizational determinants of crisis resilience / Robert Fritzsch.
2019
HB3717 2008 .F75 2019
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Title
Adaptive efficiency during the Great Recession : an analysis of the institutional and organizational determinants of crisis resilience / Robert Fritzsch.
Author
ISBN
9783658274092 (electronic book)
3658274093 (electronic book)
9783658274085
3658274085
3658274093 (electronic book)
9783658274085
3658274085
Published
Wiesbaden, Germany : Springer Gabler, [2019]
Language
English
Description
1 online resource
Call Number
HB3717 2008 .F75 2019
Dewey Decimal Classification
330.9/0511
Summary
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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Includes bibliographical references.
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Source of Description
Description based on online resource; title from digital title page (viewed on September 04, 2019).
Series
Kleine Bibliothek. Wirtschaft und Politik.
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