Institutional Management versus Economic Growth Factors and Equilibrium Problems

Zbigniew Staniek
European Research Studies Journal, Volume XXV, Special Issue 3, 167-184, 2022
DOI: 10.35808/ersj/3028


Purpose: The aim of this article is to indicate the importance of effective institutional management in theory and practice. Economic growth potentials can be used in case of economic disturbances and changes in institutional balance. Design/ Methodology: The article is of theoretical character, however is related to previous empirical research of the author and other representatives of institutional economics. This article is based on research methods used in institutional economics, related at the same time, with methodological issues of economic theory and management sciences. Findings: The concept of higher range institutional balance is crucial in view of discussed problems. It favors utilization of growth factors with simultaneous incorporation of chain and hierarchical relations in economics. Originality/Values: Development of institutional balance concept as a condition of balanced social and economic development expansion.

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