TOWARDS A COMPARATIVE INSTITUTIONAL ANALYSIS: MOTIVATIONS AND SOME TENTATIVE THEORIZING *

TOWARDS A COMPARATIVE INSTITUTIONAL ANALYSIS: MOTIVATIONS AND SOME TENTATIVE THEORIZING * 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 “institutions matter”, 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.’) 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 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Japanese Economic Review Wiley

TOWARDS A COMPARATIVE INSTITUTIONAL ANALYSIS: MOTIVATIONS AND SOME TENTATIVE THEORIZING *

The Japanese Economic Review, Volume 47 (1) – Mar 1, 1996

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Publisher
Wiley
Copyright
Copyright © 1996 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1352-4739
eISSN
1468-5876
DOI
10.1111/j.1468-5876.1996.tb00031.x
Publisher site
See Article on Publisher Site

Abstract

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 “institutions matter”, 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.’) 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

Journal

The Japanese Economic ReviewWiley

Published: Mar 1, 1996

References

  • The Nature of the Firm
    Coase, Coase
  • The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs
    Milgrom, Milgrom; North, North; Weingast, Weingast
  • Spontaneous Order
    Sugden, Sugden

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