Zmiana instytucjonalna z perspektywy instytucji formalnych i nieformalnych
Institutional change from the perspective of formal and informal institutions

Author(s): Julia Jastrząbek
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: institutional change;institutions;
Summary/Abstract: This study aims to present models of institutional change from the perspective of both formal and informal institutions. Based on a critical literature review, it addresses the question of which institutions – formal or informal – play a predominant role in models of institutional change. The conclusion drawn is that in the contemporary world, institutions, particularly the formal ones, are quite fragile and prone to change. The pervasive sense of uncertainty across various domains of life discourages decision-making with a long-term perspective. However, it is essential to highlight the significant role that informal institutions also play in this context. The interaction between formal and informal institutions is bidirectional, and sometimes informal institutions evolve gradually and evolutionarily under the influence of formal ones, and sometimes the reverse occurs.

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