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Networks, Institutional Structure And Economic Performance

Posted on:2007-09-06Degree:DoctorType:Dissertation
Country:ChinaCandidate:W YaoFull Text:PDF
GTID:1119360185479013Subject:Sociology
Abstract/Summary:PDF Full Text Request
Since 1970's, enterprises cluster (EC) became a prevailing mode of economic produce and exchange in the word. There are distinctive differences among networks and institutional structures of EC, Market and Complex Corporation. In EC, economic relations among enterprises compose of a structure of small networks, economic relations among members in enterprise are informal, which lay a foundation to the generation, exist and function of kinds of societal capitals, and have social capitals, market mechanism and corporation rule come to gather. Under this kind of institutional structure the transaction costs of Economic exchange and supervising cost of economic production are economized jointly in EC, correspondently economic performances are enhanced.While the objects analyzed by New Institutional Economics(NIE) are contemporary atomic agents in market and complex corporation, NIE investigates the market as disperse magnitude, economic network of arm-length exchanging relations, and complex corporation as vertical, hierarchical and official network. In this kind of background, economic agents are limited rational and opportunist in economic exchange and production, which induce transaction costs and supervising cost; In order to abate costs, enhance bestirring and constrains, property right must be clear; Means to get economic goal contain exchange and production, if transaction costs is too expensive, market exchange will be internalization by hierarchical corporation, but more and more hierarchical administrative cost become while huger and huger corporation size become, which obstruct the enlargement of border of corporation. NIE don't think that corporation will supersede market wholly, but they are parallel and supersede dynamically each other. So NIE advocate economic action is impacted by macroscopic dualistic institutional framework. NIE also analyze the impaction of microscopic institutional structure on transaction costs or supervising cost of economic action, but they mainly analyze the combination of market mechanism with social institutions in exchanging area or the combination of corporation rules with social institutions, don't refer to the combination of social capital, corporation rule with market mechanism and it's impaction on economic action. NIE don't consider social capital as a kind of fundamental but ancillary economic institution. Although some economists develop lately a framework containing of network, market and enterprise, but there are not substantial revolution...
Keywords/Search Tags:Institutional
PDF Full Text Request
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