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• W2029205103 abstract "Abstract The main aim of this article is to provide a basis for changing the focus in New Institutional Economics (NIE) from the economic effects of institutions to the importance of “institutional capital” for sustainable development. First, a theoretical model of NIE is presented in the context of sustainable development. Then, the concept of an institutional equilibrium (where informal institutions support and strengthen formal institutions) is discussed as an important determinant of “institutional capital” stimulating or hampering sustainable development." @default.
• W2029205103 created "2016-06-24" @default.
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• W2029205103 date "2010-10-21" @default.
• W2029205103 modified "2023-09-26" @default.
• W2029205103 title "“Institutional capital” as a factor of sustainable development ‐ the importance of an institutional equilibrium" @default.
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