The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2008, June. Volume: 5 - Issue: 1

Formal and Informal Institutional Change : the Experience of Postsocialist Transformation

by Bernard Chavance

Start page: 57 - End page: 71

Keywords: Post-socialist transformation ; diversity of trajectories ; institutional change ; formal rules ; informal rules ; enforcement

Jel code: B25; K40; P20; P37; P50; B52

Abstract:

Diversity of trajectories of post-socialist transforming economies is a stylized fact of this experience of system change. The paper explores the relations between change in formal and informal rules in historical perspective, discussing new institutional views about rationality of formal institutions and detrimental inertia of informal institutions. It submits that an open and complex approach of the centrality of formal/informal rules interaction may give a better explanation to the multiplicity of national post-socialist pathways.

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