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Cited by 48Economic Theory and InstitutionsCulture, Economy, and Development StudiesSustainable Development and Environmental Policy

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“INSTITUTIONAL CAPITAL” AS A FACTOR OF SUSTAINABLE DEVELOPMENT ‐ THE IMPORTANCE OF AN INSTITUTIONAL EQUILIBRIUM / INSTITUCINIS KAPITALAS KAIP DARNAUS VYSTYMOSI VEIKSNYS – INSTITUCINĖS PUSIAUSVYROS SVARBA

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Platje, Joost·2008·Technological and Economic Development of Economy
DOI 10.3846/1392-8619.2008.14.144-150
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Abstract

The main aim of this article is to provide a basis for changing the focus in New Institutional Economics (NIE) from the economic effects of institutions to the importance of “institutional capital” for sustainable development. First, a theoretical model of NIE is presented in the context of sustainable development. Then, the concept of an institutional equilibrium (where informal institutions support and strengthen formal institutions) is discussed as an important determinant of “institutional capital” stimulating or hampering sustainable development. Santrauka Šio straipsnio tikslas – pateikti naujos institucinės ekonomikos (NIE) pokyčius, kai pastebimas perėjimas nuo ekonominių institucijų efektų prie institucinio kapitalo plėtotės darnaus vystymosi kontekste. Visų pirma autorius pateikia teorinį NIE modelį darnaus vystymosi aplinkoje. Vėliau nagrinėjama institucinės pusiausvyros koncepcija (atvejis, kada neformalios institucijos palaiko ir stiprina formaliąsias institucijas). Autorius konceptualiai apibrėžia stimuliacinį ir prevencinį šios koncepcijos poveikį sąveikaujant instituciniam kapitalui bei darniam vystymuisi.

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Research works printed but not linked: 30

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Metadata

Authors
Platje, J.
Affiliations
University of Opole (PL)
Corresponding author
Platje, Joost
ORCID
Platje, Joost
Venue
Technological and Economic Development of Economy
Publisher
Vilnius Gediminas Technical University
Published
2008-06-30
Volume
14
Issue
2
Pages
144-150
ISSN
  • 1392-8619 (ISSN-L)
  • 2029-4913
  • 2029-4921
DOI
10.3846/1392-8619.2008.14.144-150
OpenAlex
W2903928496
Cited by
48
References
0
Citations by year
2026: 2 · 2025: 3 · 2024: 2 · 2023: 4 · 2022: 4 · 2021: 3 · 2020: 2 · 2019: 5 · 2018: 1 · 2017: 3 · 2016: 3 · 2015: 5 · 2014: 2
FWCI
6.94
Type
journal article
Language
lt
Open access
Licence
cc-by
Locations
  • Technological and Economic Development of Economy (publishedVersion, cc-by)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
  • Social Sciences › Development › Culture, Economy, and Development Studies
  • Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Sustainable Development and Environmental Policy
Keywords
institutional capital, sustainable development, institutional balance, new institutional economics, formal and informal institutions, institutional theory, economic development

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CoChat. (2026). Citation check: “INSTITUTIONAL CAPITAL” AS A FACTOR OF SUSTAINABLE DEVELOPMENT ‐ THE IMPORTANCE OF AN INSTITUTIONAL EQUILIBRIUM / INSTITUCINIS KAPITALAS KAIP DARNAUS VYSTYMOSI VEIKSNYS – INSTITUCINĖS PUSIAUSVYROS SVARBA. https://app.cochat.ai/papers/10.3846/1392-8619.2008.14.144-150
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Platje, J. (2008). “INSTITUTIONAL CAPITAL” AS A FACTOR OF SUSTAINABLE DEVELOPMENT ‐ THE IMPORTANCE OF AN INSTITUTIONAL EQUILIBRIUM / INSTITUCINIS KAPITALAS KAIP DARNAUS VYSTYMOSI VEIKSNYS – INSTITUCINĖS PUSIAUSVYROS SVARBA. Technological and Economic Development of Economy. https://doi.org/10.3846/1392-8619.2008.14.144-150