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Keywords: Neoclassic economics
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Journal Articles
Journal of Entrepreneurship in Emerging Economies (2019) 11 (3): 416–435.
Published: 12 June 2019
... (Kalantaridis, 2014). Within the framework of neoclassic economics, equilibrium (as a state of affairs) can be interrupted or disturbed only due to external shocks (Caserta, 1998). Like this, in institutional studies, the institutional change was primarily considered as the result of external shocks...
