EJCEYear: 2008, June. Volume: 5 - Issue: 1
Formal and Informal Institutional Change : the Experience of Postsocialist Transformation
Bernard Chavance
View this articleStart page: 57 - End page: 71
Keywords:
Post-socialist transformation ; diversity of trajectories ; institutional change ; formal rules ; informal rules ; enforcement
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.
Jel code: B25
Jel code: K40
Jel code: P20
Jel code: P37
Jel code: P50
Jel code: B52
