1. Introduction It is only in the past decade or so that a variety of critical comparative institutional issues have risen in international and national policy arenas and that economists have started loolung earnestly into those issues by broadening the theoretical perspective of economics. This may indicate that the emergence of a new field, Compamtive Institutional Analysis (CIA), is brewing. As I will discuss below, the CIA field is coevolving with Historical Institutional Analysis (HIA) and Transition Economics. All these fields recognize that âinstitutions matterâ, and share methodological and analytical orientations and interests in many important ways. In the first half of this paper, I hope to motivate the study of CIA and, in the second half, I present some tentative, general insights, that are suggested by the CIA approach.â) Major comparative institutional issues which have recently attracted the keen interest of economists include the following: (1) It has been increasingly recognized that within developed market systems there is a variety of institutional arrangements and that the differences between these may be important in determining national or regional advantage and disadvantage in industrial productivity and international competitiveness. Trade imbalances between nations have often escalated disputes over institutional differences
The Japanese Economic Review – Wiley
Published: Mar 1, 1996
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