Summary of JOIE article (22 April 2025) by Geoffrey M. Hodgson International Management, Loughborough University London, London, UK. The full article is available on the JOIE website. Prominent scholars have complained of confusion in the literature over what transactions are, and how their costs are measured. This two-part article explores this topic and suggests an alternative…
Category: Article Summary
Toward polycentric federalism: Assessing federal institutional design in multiethnic African states
Summary of JOIE Article by Kaleb Demerew West Texas A&M University, USA, Samson Faboye, University of Johannesburg, South Africa and Sampson Edodi, University of Abuja, Nigeria. The full article is available on the JOIE website. Federalism has long been proposed as a governance solution for multiethnic African states struggling with identity-based conflict. Yet, despite constitutional…
Inclusive national innovation systems: rethinking institutions in the light of inclusion imperatives
Summary of JOIE article (25 February 2025) by Vanessa Casadella and Sofiane Tahi, LEFMI Lab., Picardie Jules Verne University, Amiens, France. The full article is available on the JOIE website. Since the 1990s, national innovation systems (NIS) have been the focus of a large body of literature highlighting the institutional performance of economies and the…
Formal and Informal Institutions: Some Problems of Meaning, Impact, and Interaction’ – A Summary
Summary of JOIE article (10 February 2025) by Geoffrey M. Hodgson International Management, Loughborough University London, London, UK. The full article is available on the JOIE website. Institutional research distinguishes between ‘formal’ and ‘informal’ institutions. Largely through the work of Douglass North, this terminology took off in the 1990s. North often associated ‘formal institutions’ with rules…
Walter Lippmann: an institutionalist for our times?
Summary of JOIE article (15 November 2024) by Shaun P. Hargreaves Heap and Paul Lewis, Department of Political Economy, King’s College, London. The full article is available on the JOIE website. Walter Lippmann bestrode the 20th century. He was an award winning journalist who had the ear of every President from Woodrow Wilson to LBJ. He wrote…
The Role of Political Institutions in the Economic Convergence Process
Summary of JOIE article ( 19 September 2024) by Laura Lopez Gomez, Faculty of Tourism and International Relations, University of Murcia, Murcia, Spain The full article is available on the JOIE website. Imagine the Eurozone as a grand marathon where each runner starts at different times and from various points, yet the ultimate goal is for everyone…
Environmental enforcement, property rights, and violence: evidence from the Brazilian Amazon
Summary of JOIE article ( 27 August 2024) by Gustavo Magalhães de Oliveira, Institute for Food and Resource Economics, University of Bonn and Bruno Varella Miranda, Insper Institute of Education and Research, São Paulo, Brazil. The full article is available on the JOIE website. When you think of Brazil, vibrant festivals and stunning landscapes often come…
Comparing Ostrom’s Design Principles to Habraken’s Open-Building Framework: Disentangling a Polycentric Built Environment
Summary of JOIE article ( 2 March 2021) by John B. Horowitz, Department of Economics, Ball State University, Muncie, USA. The full article is available on the JOIE website. From the 1960s through the 1990s, architect John Habraken and a few like-minded architects developed the Open-Building framework because they were concerned about centralized control of the built environment and wanted…
Regional financial disparity in India: can it be measured?
Summary of JOIE article ( 12 May 2021) by Rashmi Arora and P. B. Anand, Faculty of Management, Law & Social Sciences, University of Bradford, Bradford, UK. The full article is available on the JOIE website. Recent discussions on inequality have focused on increasing global income and wealth inequality between individuals, inequality between countries and inequality among…
Location choice and Indian outward FDI: institutional quality vs institutional distance
Summary of JOIE article ( 11 December 2023) by Rishika Nayyar, University of Sussex Business School, Brighton, UK, and John Luiz, University of Sussex Business School and University of Cape Town, Rondebosch, South Africa. The full article is available on the JOIE website. Institutions exert an important influence on foreign direct investment (FDI) location choice – that is…