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

2019 ed.

by Robert Fritzsch

Book Details

Format Paperback / Softback

Book Series Wirtschaft und Politik

ISBN-10 3658274085

ISBN-13 9783658274085

Edition 2019 ed.

Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Imprint Springer Gabler

Country of Manufacture GB

Country of Publication GB

Publication Date Aug 9th, 2019

Print length 379 Pages

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Ksh 16,200.00

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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.

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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