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The Relevance of New Institutional Economics for the Indian Economy
Abstract: The rules of the economics game included both governmental institutions and policy. The fundamental characteristics of a government, such as whether the rule of law is upheld, property rights are maintained, and taxes are applied consistently and fairly, are determined by the policies established by the government. An economy with strong institutions can endure the odd bad policy, but a strong economy cannot have weak institutions. On the relative weight …
Published in NOLEGEIN Journal of Entrepreneurship Planning, Development and Management · Vol. 5, Issue 1, 2022 Read article