Market Structures and Institutional Arrangements of Trading

Author(s):  
David Raffe

This chapter reviews comparative research on young people’s transitions between initial education and work, focusing on countries belonging to the Organisation for Economic Co-operation and Development (OECD) and especially on European countries. The processes and outcomes of transition vary across countries. Researchers attribute these variations, and their persistence in the face of globalization, to institutional differences between national “transition systems.” The chapter describes four explanatory frameworks that respectively analyze transition systems in terms of characteristics of education systems, labor-market structures, linkages between education and work, and welfare regimes. It reviews typologies of transition systems derived from these explanatory frameworks and their interconnections, and it notes that no typology explains all the variation in national transition systems. It briefly reviews strategies for policy learning from cross-national comparisons of transitions. It concludes that transition systems should be understood as clusters of institutional arrangements that generate a distinctive “logic” of transitions in each country.


2006 ◽  
pp. 102-118 ◽  
Author(s):  
A. Skorobogatov

The paper is dedicated to the New Institutional and Post Keynesian perspectives on institutions and their relation to economic stability. Embeddedness, institutional environment, and institutional arrangements are considered. Within these institutions conventional expectations, the economic policy and forward contracts are analyzed. Upon these perspectives the author shows a contradictory relation between institutions and the order and develops an institutional theory of business cycles.


2020 ◽  
Vol 24 (1) ◽  
pp. 37-49
Author(s):  
Sandeep Basnyat ◽  
Suryakiran Shrestha ◽  
Bijita Shakya ◽  
Reeja Byanjankar ◽  
Shubhashree Basnyat

Compared to international tourism, domestic tourism is less susceptible to external changes and provides a more stable business environment for industry stakeholders. Traditionally, the focus of a majority of tourism research has been international tourism. Existing domestic tourism literature predominantly focuses on the potential of domestic tourism and the measurement of its demands, but greatly ignores the issues and challenges in the domestic tourism industry. This article fills this gap and examines the issues and challenges the domestic tourism industry is facing with a focus on Nepal, a South Asian developing country. The data for this study were collected through semistructured interviews with 20 tourism industry practitioners. The findings of this study demonstrate how uncertainties created by the lack of institutional arrangements and prioritization, and confusion around the appropriate ways and means of managing domestic tourism have contributed to the chaos in the private sector tourism industry in Nepal. Implications for the government and other stakeholders in Nepal and other developing countries have been discussed.


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