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Keywords: Transaction cost
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Journal Articles
Journal:
EconomiA
EconomiA (2024) 25 (1): 109–156.
Published: 13 March 2024
... theory to explain economic growth and social change. Incorporating transaction costs, the institutional framework in which property rights and contracts are measured, defined and enforced assumes a prominent role in explaining economic performance. Originality/value In the early 1970s, North adopted...
