Danubius International Conferences, 4th International Conference The Danube - Axis of European Identity
A Framework for an Organic Approach for the Analysis of Institutional Transplants in the Economic Context
Last modified: 2014-06-04
Abstract
Objectives: The present paper tries to outline a methodological framework which can be used to examine institutional change and to predict the success of institutional transplants in a way that overcomes some of the limitations of existing approaches. Prior Work: Previous work in the field, which is derivative of the methodology of neoclassical economics, faces the constraints of the mono- approaches thus omitting important determinants of institutional change. Approach: Here the issue is approached philosophically from the point of view of political economy and the heterodox tradition of economic thought. Results: We provide an outline of an analytical framework that makes use of methodological pluralism and takes an organic approach for the explanation of institutional change and institutional transplants. Implications: The results could have implications for both academics and policy-makers. Value: The proposed framework can be useful for the analysis of institutional change and in the implementation of institutional reform.
