The Diversity and Rapprochement of Theories of Institutional Change: Original Institutionalism and New Institutional Economics

Caballero, Gonzalo; Soto-Oñate, David

doi:10.1080/00213624.2015.1105021

Cited by 26 publications

(8 citation statements)

References 90 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…On the other hand, the existence of a high level of political trust would improve the reliability of the specific political institutions of that nation, which could propel good democratic and economic performance. This is a relevant element to understand the process of institutional change in society (Gonzalo Caballero and David Soto 2015).…”

Section: Political Trust Economic Performance and The Great Recessimentioning

confidence: 99%

The procyclicality of political trust in Spain

Caballero¹,

Álvarez-Díaz²

2018

Panoeconomicus

Self Cite

View full text Add to dashboard Cite

Political trust has been considered a necessary condition for good democratic and economic performance over time. The grave economic crisis that started in 2008, which is known as the Great Recession, has deteriorated the level of political trust in several countries. Some authors have shown that those countries with an increasing level of unemployment experienced a sharp decline in political trust. In particular, the political distrust in Spain has suffered a high increase since the Great Recession. This paper tests the procyclicality of political trust in Spain through the analysis and modeling of the relationship between political trust and business cycle in Spain over the period 1996-2015. The cross-correlation analysis, the Granger causality test, and the autoregressive distributed lag (ARDL) bounds testing approach coherently conclude the procyclicality of political trust in Spain. The unemployment rate shows a negative and statistically significant influence on political trust four quarters later.

show abstract

Section: Political Trust Economic Performance and The Great Recessimentioning

confidence: 99%

The procyclicality of political trust in Spain

Caballero¹,

Álvarez-Díaz²

2018

Panoeconomicus

Self Cite

View full text Add to dashboard Cite

show abstract

“…In this way, Groenewegen et al . (1995), Hodgson (1998), Rutherford (2001), Kingston and Caballero (2009) and Caballero and Soto (2015), among others, has explained the institutional content of the new institutional economics and the interactions between original and new institutionalism in economics.…”

Section: Boundaries Weaknesses and Challengesmentioning

confidence: 99%

“…Thus, the new institutionalism developed the notion of institutional individualism (Toboso, 2001); the role of power and coercion in economics and politics has been treated during the recent decades (North, 1990a;Knight, 1992;Nye, 1997;Acemoglu and Robinson, 2008;North et al, 2009) and the distributive issues have been studied in diverse contributions (Toboso, 2011). moreover, new institutionalists recognized the effect of the passage of time on institutions and were gradually approaching to an evolutionary perspective of the path of history (Caballero and Soto-Oñate, 2015).…”

Section: Boundaries Weaknesses and Challengesmentioning

confidence: 99%

“…A larger effort must be done in this sense in order to provide a set of governance solutions to the enormous variety of transactional problems that societies have to face. Furthermore, although there has been an approach among institutional approaches (Shepsle, 2006;Caballero and Soto-Oñate, 2015), still a more intense dialog between them and with other social sciences should be hold. A long way to walk remains in the understanding of core phenomena for social sciences, such as organizational structure, institutional change or individual behavior, and it seems impossible to undertake without a multidisciplinary approach.…”

Section: Boundaries Weaknesses and Challengesmentioning

confidence: 99%

See 1 more Smart Citation

Why transaction costs are so relevant in political governance? a new institutional survey

Caballero

Soto-Oñate

2016

Rev. Econ. Polit.

Self Cite

View full text Add to dashboard Cite

The New Institutional Economics, led by four Nobel laureates (Ronald Coase, Douglass North, Oliver Williamson and Elinor Ostrom), has showed that institutions and organizations are a medium for reducing transaction costs and obtaining a higher efficiency in economic performance. This paper goes into the research program of the New Institutional Economics to explain the relevance of transaction costs in political exchange and organization and show that transactions costs are even higher in political markets than in economic markets. The paper reviews the main contributions on institutions, transaction costs and political governance, and provides some lessons on political transacting and governance. The survey includes the most detailed catalogue of political transaction costs that has ever been published.

show abstract

“…This increasing interest is due to the (re)discovery of cul ture (beliefs, values, traditions, customs, etc. ) as a fundamental element in the explanation of the functioning and evolution of formal institutions (Roland, 2004;North, 2005;Caballero and Soto-Oñate, 2015) and economic performance through time (North, 1990; 48 david soto-oñate Nanetti, 1993, Knack andKeefer, 1997;Guiso, Sapienza andZingales, 2006, 2011;Fernández, 2008Fernández, , 2011.…”

Section: Introductionmentioning

confidence: 99%

On the cultural legacy of political institutions:Evidence from the Spanish Regions

Soto-Oñate¹

2017

HPE-RPE

View full text Add to dashboard Cite

In the last decades, numerous studies have argued that political institutions are able to leave a persistent cultural legacy. Spain today presents a geographically concentrated distribution of societal traits that are related to social and political participation. This paper examines the pos sible historical origin of these regional patterns and concludes a) that those regions that histori cally experienced more inclusive political systems exhibit currently higher levels of this culture of participation and b) that inclusive institutions are able to leave a more intense cultural legacy when they are more proximate to the bulk of the population. This thesis is robust to controlling for other possible determinants.

show abstract

The Diversity and Rapprochement of Theories of Institutional Change: Original Institutionalism and New Institutional Economics

Cited by 26 publications

References 90 publications

The procyclicality of political trust in Spain

The procyclicality of political trust in Spain

Why transaction costs are so relevant in political governance? a new institutional survey

On the cultural legacy of political institutions:Evidence from the Spanish Regions

Contact Info

Product

Resources

About