Adaptive Efficiency During the Great Recession: An Analysis of the Institutional and Organizational Determinants of Crisis Resilience

by Robert Fritzsch

Overview

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.

Product Details

ISBN-13:	9783658274085
Publisher:	Springer Fachmedien Wiesbaden
Publication date:	07/30/2019
Series:	Wirtschaft und Politik
Edition description:	1st ed. 2019
Pages:	379
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Robert Fritzsch is research associate at the chair of institutional economics and economic policy at the University of Erfurt.

Table of Contents

Political Institutions, Interest Group Activity and Crisis Resilience.- Economic Institutions and Crisis Resilience.