TY - JOUR
TI - Territorial development and institutional economics
AU - Luśtyk, Agata
AU - Parol, Adam R.
AU - Serafin, Konrad
TI - Territorial development and institutional economics
AB - The aim of this article is to identify which institutional factors influence development processes and to present the application of institutional economics in the study of territorial development determinants. To this end, a content analysis of previous publications in this field was carried out. The article discusses the theoretical foundations regarding institutional economics, its assumptions and its evolution up to the emergence of the new institutional economics (NIE). The authors then present various aspects of institutional economics that can be applied to regional development theory. The paper shows what kind of research is useful when analysing the impact of institutional factors on the territorial development. The final part of the article provides general conclusions on the described issues and recommends possible further directions and ways to develop research in this field, while including considerations from the sphere of current economic trends and issues of territorial development.
VL - 2023
IS - Issue 1–2 (59)
PY - 2024
SN - 1896-0200
C1 - 2084-3968
SP - 85
EP - 99
DO - 10.4467/20843968ZP.23.006.19076
UR - https://ejournals.eu/en/journal/zarzadzanie-publiczne/article/rozwoj-terytorialny-a-ekonomia-instytucjonalna
KW - institutional economics
KW - transaction cost theory
KW - territorial development