Public Policy and Informal Institutions: A New Moral Economy of Corruption in Rural India

Th e article is devoted to the systematization of modern theoretical views on the role of institutions in social development. Th e relevance of the topic is determined by the need for a thorough analysis of modern views on the role and place of institutions in social development in the conceptualization of diff erent approaches to the development of institutional theory. Th e novelty of the work lies in the substantiation of the directions of use in domestic science and practice of modern approaches to institutionalism in general and various institutions in particular in order to improve the economic and social development of the country, its regions and communities. Th e purpose of the article is to summarize the main latest theoretical views on institutional theory and the practical use of its components in the formation of state development policy in various spheres of public life. Іn the process of preparing the article, such basic research methods as systematic and multidisciplinary, as well as comparative analysis were used, the joint application of which allowed to fully explore and generalize the multifaceted and complex nature of the components of institutional theory and its use. Scientifi c approaches to key components of institutional theory are considered. Th e main characteristics of the concept of institutions as a common phenomenon in the social, political and economic spheres are highlighted. Emphasis is placed on the coordinating role of institutions, the importance of studying the impact on public policy-making of both formal and informal institutions. Th e approach to the analysis of institutions from the point of view of rational and sociological behavioral models is systematized. Various scientifi c interpretations of institutional theory on an interdisciplinary basis — from the point of view of organizational institutionalism, institutional economics and comparative institutionalism — are characterized and analyzed. Th e author identifi ed provisions of these theoretical approaches, which seem relevant and are of greatest interest to scientists, politicians, practitioners in the framework of institutional analysis. In particular, the importance of socially responsible investment in the development of person, separate territory, country as a whole, as interconnected and interdependent processes that characterize the development of self-regulation of the business environment as a form of informal institutions. It is found that from the point of view of formation and implementation of public policy by authorities of diff erent territorial levels, it is important to use the ideas of comparative institutionalism, in particular on the mutual conditionality and interdependence of institutions in diff erent spheres of public life. Th e generalization of research on the implementation by countries of various institutional forms for the improvement of development policy is out, on the basis of which the importance of complementarity of institutions, dialectically interconnected, is determined. In this context, the key functions of institutions that are critical for the formation and implementation of development policy are described. Th e introduction of such an approach to evaluating the eff ectiveness of institutions as “institutional distance” is analyzed.

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RETRACTED: DEFINING AND FRAMING ISLAMIC ECONOMICS AS ISLAMIC MORAL ECONOMY: AN ATTEMPT TO EMBED PUBLIC POLICY IN ISLAMIC ECONOMICS TO GENERATE EMERGENCE SCIENCE

Journal of Islamic Economics and Finance ◽

10.22373/share.v5i2.1241 ◽

2016 ◽

Vol 5 (2) ◽

Author(s):

Mehmet Asutay

Keyword(s):

Public Policy ◽

Moral Economy

This manuscript HAS BEEN RETRACTED on the request of the author. Therefore, a reasonable effort should be made to remove all references that links to this article.

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An informal institutional analysis of policy implementation hindrances in China

Chinese Public Administration Review ◽

10.22140/cpar.v2i1/2.39 ◽

2016 ◽

Vol 2 (1/2) ◽

pp. 45

Author(s):

Huang Ding

Keyword(s):

Public Policy ◽

Policy Implementation ◽

Interpersonal Relations ◽

Public Policies ◽

Institutional Analysis ◽

Informal Institutions ◽

Institutional Factors ◽

Public Authorities ◽

Formal And Informal Institutions ◽

Negative Impacts

As the lever by which public authorities regulate social affairs, public policy must function through its implementation. The effectiveness of policy-implementation is affected by many factors, but it fundamentally depends on the institution. For people's behaviors are governed by institutions, and public policy is implemente by people. According to the theory of New Institutionalsim, institutions consist of both formal and informal institutions. Based on the theory's explanation of the constratins placed on people's behavior by informal institutions, this paper will explore how informal institutional factos prevent public policies from effective implemetnation in China, specifically interpersonal relations and the consideration of faces. We must eliminate the negative impacts of informal institutional factors on policy implementation through enforcing hearings, coordinating policies, publicizing policies, strengthening supervision and betterign ideologies.

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Informal institutions, public policy, and entrepreneurship

Public Policy, Productive and Unproductive Entrepreneurship ◽

10.4337/9781781005811.00018 ◽

2017 ◽

pp. 131-148

Author(s):

Gregory M. Randolph

Keyword(s):

Public Policy ◽

Informal Institutions

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Reviving the Islamic economic system through shariah-based public policy

Humanomics ◽

10.1108/h-06-2015-0037 ◽

2015 ◽

Vol 31 (4) ◽

pp. 415-429 ◽

Cited By ~ 2

Author(s):

Mohd Mahyudi

Keyword(s):

Public Policy ◽

Economic System ◽

Moral Economy ◽

State Agencies ◽

Homo Economicus ◽

Policy Makers ◽

Content Type ◽

Islamic Economic ◽

State Of Affairs ◽

Better Than

Purpose – The paper aims to revive the Islamic economic system discourse given the increasing interest in the moral economy agenda. Design/methodology/approach – Proponents of Islamic economics theorise that the Islamic system presents the ideal form of a socio-economic order. However, the reported huge gap between theoretical construct and real activities seems to support the critics’ claim that it is a mere utopian state that directly challenges the viability of the Islamic economy idea. Findings – The fact of the matter is that homo economicus is overpowering homo Islamicus despite the presupposed position of homo Islamicus as the mainstay of Islamic economics. Research limitations/implications – To manifest the Islamic economic system notion further, it is argued that a shariah-based values infusion policy (VIP) needs to be formulated to actualise the predominance of homo Islamicus. Practical implications – Owing to the overarching and holistic nature of the proposed public policy, the operations of individuals, firms and state agencies should have the tendency to reflect the expected behaviour of homo Islamicus better than the present state of affairs. Social implications – The success of the VIP would include the enhancement of social integration and cohesion. Originality/value – The link between moral economy, homo Islamicus and public policy is clearly established. Thus, this research guides policy makers in promoting the Islamic economic system as a universally-aspired moral economy project.

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