GROWTH DECELERATION AND TRANSACTION COSTS - A NOTE

被引:6
|
作者
PRYOR, FL
机构
[1] Department of Economics, Swarthmore College, Swarthmore
关键词
TRANSACTION COSTS; ECONOMIC GROWTH; GROWTH DECELERATION; ECONOMIC SYSTEMS;
D O I
10.1016/0167-2681(94)90090-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
The basic hypothesis of this essay is that the bureaucratic nature of the planned economies of East Europe meant that they were more vulnerable to the rising transaction costs associated with economic development than market economies. If true, this suggests that these nations revealed a greater deceleration of economic growth than in the market economies of the West. Empirical evidence is provided to demonstrated that such a phenomenon did, in fact, occur.
引用
收藏
页码:121 / 133
页数:13
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