Institutional Change and Adaptive Efficiency
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Book Overview Since the 1990s, neo-institutionalists have posited that "institutions matter". However, they overlook one important issue: the ways inst...
Since the 1990s, neo-institutionalists have posited that "institutions matter". However, they overlook one important issue: the ways institutions change also matters. Numerous academic studies have identified "good" and "bad" institutions, but little has been written about effective methods of transforming "bad" institutions so that they enhance economic performance. To fill this gap, this book reframes the approach of neo-institutional economics to analyze institutions' role and evolution, focusing on the interaction between the household registration (hukou) system evolution and economic transformation.
The authors apply an endogenous and dynamic perspective. First, the theory of endogenous institutional change illustrates how the drivers of hukou system evolution differ in the pre-reform and reform eras. Second, the theory of adaptive efficiency evaluates the evolution of the system's institutional efficiency. Finally, the authors were able to test the impact of the hukou reform on urban economic growth by examining local experimentation, helping explain the current "stickiness" of the system.
At the heart of hukou reform lies the question of how to deal with the link between hukou and welfare provision. This book will offer policymakers a better understanding of institutional change in dynamic economic contexts, helping them enhance economic performance.
Book Details Format: Hardcover | Pages: 217 | Language: English | Publisher: WORLD SCIENTIFIC PUB CO INC | ISBN: 9811278466
FormatHardcover
Pages217
LanguageEnglish
ISBN9811278466
EAN9789811278464
PublisherWORLD SCIENTIFIC PUB CO INC
Publication Date1970-01-01
AccessoriesNo Accessory
ConditionNew
Product TypeHARD COVER BOOKS
Weight1.07 Pounds
Length9.0 Inches
Width6.0 Inches
Height0.56 Inches
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