The role of institutions in economic performance

The purpose of the article is to survey the significant literature on the role of institutions – formal and informal constraints that affect investment in physical and human capital – in economic performance and propose a new, comprehensive definition and classification of institutions, as well as...

Full description

Bibliographic Details
Main Authors: Alise Vitola, Maija Senfelde
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2015-10-01
Series:Business: Theory and Practice
Subjects:
Online Access:https://journals.vgtu.lt/index.php/BTP/article/view/8262