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© 2019

Adaptive Efficiency During the Great Recession

An Analysis of the Institutional and Organizational Determinants of Crisis Resilience

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Part of the Wirtschaft und Politik book series (WP)

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Robert Fritzsch
    Pages 1-4
  3. Robert Fritzsch
    Pages 195-197
  4. Back Matter
    Pages 199-379

About this book

Introduction

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.

 

Contents

  • Political Institutions, Interest Group Activity and Crisis Resilience
  • Economic Institutions and Crisis Resilience

 

Target Groups

  • Scholars and students of economics, political science, and sociology
  • Politicians, public employees

 

About the Author

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

 

Keywords

Institutions Institutional Sclerosis Economic Orders Business Cycles Douglass North Mancur Olson

Authors and affiliations

  1. 1.ErfurtGermany

About the authors

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

Bibliographic information

  • Book Title Adaptive Efficiency During the Great Recession
  • Book Subtitle An Analysis of the Institutional and Organizational Determinants of Crisis Resilience
  • Authors Robert Fritzsch
  • Series Title Wirtschaft und Politik
  • Series Abbreviated Title wirtsch. und polit.
  • DOI https://doi.org/10.1007/978-3-658-27409-2
  • Copyright Information Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Softcover ISBN 978-3-658-27408-5
  • eBook ISBN 978-3-658-27409-2
  • Series ISSN 2524-5945
  • Series E-ISSN 2524-5953
  • Edition Number 1
  • Number of Pages XVI, 379
  • Number of Illustrations 45 b/w illustrations, 0 illustrations in colour
  • Topics Economic Policy
    Institutional/Evolutionary Economics
    Law and Economics
  • Buy this book on publisher's site
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