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2016 | 9 | nr 2 | 27--45
Tytuł artykułu

Testing the Level and Factors of Institutional Rationality in Montenegro, Serbia and Bosnia and Herzegovina

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper analyzes the perception of the respondents in Montenegro, Serbia and Bosnia and Herzegovina regarding the level of institutional rationality and the deficit of basic selected factors that have a predominant impact on it. It uses and explains the conditional notion of institutional rationality as a specific form of bounded economic rationality. It starts from the basic hypothesis that during the long-lasting transition process there were four groups of inhibitors to the introduction and development of institutional rationality in the mentioned countries (rule of law, institutions, civil society and opportunistic behavior), the reason being their deficiency (underdevelopment). From the basic hypothesis, an auxiliary one arises - that overcoming the deficit of the mentioned inhibitors would have a direct and decisive impact on the increase in the level of institutional rationality, and thus, the impact on economic development. This primary hypothesis is experimentally proofed throughout appropriate multiple linear regression analysis. (original abstract)
Rocznik
Tom
9
Numer
Strony
27--45
Opis fizyczny
Twórcy
  • University of Montenegro, Kotor, Montenegro
autor
  • University of Montenegro, Kotor, Montenegro; RWTH Aachen University, Aachen, Germany
  • International University of Travnik Bosnia and Herzegovina
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171434754

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