| In the section | Surveys |
| Title of the article | The Role of Institutions in International Economic Integration |
| Pages | 72-88 |
| Author 1 | Natalia Petrovna Ryzhova Candidate Economics, Head of the Amur laboratory of Economics and Sociology Economic Research Institute FEB RAS 153 Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | The article reviews the studies on the subject of international economic integration, based on new institutional economic theory methodology. It is shown that formal agreements on international economic integration are aimed at transaction costs reduction via trade barriers cut; however, national governments can’t adjust informal barriers such as linguistic, religious, cultural differences and various kinds of predatory behavior. The author focuses on the types of international economic integration, which arise from coherent, parallel and conflict relationships between formal and informal institutions, constituting the process of economic integration. The article emphasizes the studies discussing not just the effects of the correlation between formal and informal institutions on the process of international economic integration, but also the positive externalities in the form of quality improvements of institutions, arising from the process of international economic integration. |
| Code | 330+339 |
| DOI | 10.14530/se.2013.1.072-088 |
| Keywords | ♦ international economic integration ♦ cross-border economic exchanges ♦ new institutional economic theory ♦ formal and informal institutions ♦ transaction costs ♦ trade barriers |
| Download | SE.2013.1.072-088.Ryzhova.pdf |
| For citation | Ryzhova N.P. The Role of Institutions in International Economic Integration. Prostranstvennaya Ekonomika = Spatial Economics, 2013, no. 1, pp. 72-88. DOI: 10.14530/se.2013.1.072-088. (In Russian). |
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