The article investigates the impact of clusters on the social environment and the impact of institutional factors on the formation and development of clusters. The authors proceed from the obvious assumption that the basic prerequisite for successful clustering is the development of...

Douglass North (1990) describes institutions as the rules of the game that set limits on human behavior, now a universally-accepted definition. North and others especially underline the crucial role of informal social norms. They predict that, like all rules of the game, social norms should...

Assuming that J. S. Mill and others are correct in their belief that trust matters for the economic performance of nations, the determinants of trust become important. Section 2 discusses the sources of trust and briefly summarizes empirical evidence. Section 3 builds on Fukuyama’s concept of...

Financial income and parental education are two determinants of child well-being rooted in a long tradition of sociological and economic research. These resources have been titled financial and human capital respectively. James Coleman had suggested a third type of capital which can have equally...

This paper aims at analysing the performances of the EU member states in the Europe 2020 Strategy and understanding the main factors of success. It builds on the Europe 2020 Index developed in Pasimeni (2011) to quantify and measure progress achieved by the 27 countries in pursuing the...

There is an ongoing debate on social capital resources in Poland, where the density of associational activities and the level of social trust is low when compared to West European countries. Moreover, some researchers claim that Polish economy is developing despite low resources of social...

This paper investigates relationship between institutional quality and economic performance in Pakistan using the Johansen-Juselius cointegration technique and the Granger causality test. The study results indicate that Institutions and growth are cointegrated and thus exhibit a reliable long...

This paper presents an index of institutionalized social technologies for Pakistan, covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. It is also analyzed...

The role of institutions in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM econometric model. Specifically it attempted to test...

This paper presents an index of institutionalized social technologies covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. Specifically it attempted to classify and...