The Necessary Institutional Framework to Transform Formerly Planned Economies


The formerly planned economies generally lack the institutions needed to support an orderly transition to a growing market economy. This transition depends on the establishment of orderly commercial transactions in the markets for corporate control. The minimal set of institutions required should therefore be tailored to limit opportunistic political behavior and to guarantee basic property rights, notably in financial markets.

When identifying the minimal required set of suck institutions, and the authors find that Western market economies are entangles in excessive institutions supporting distributional objectives or vested interests. Hence, the formerly planned economies stand a good chance of improving upon the West.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

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