000			02628nam a22001457a 4500
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100			_aZeng, Zhaoteng and Yu, Xiao _951335
245			_aThe connotation, cause, and reform path of institutional transaction costs: A grounded theory analysis
260			_aLocal Government Studies
300			_a50(5), Oct, 2024: p.893-914
520			_aInstitutional transaction costs profoundly reflect the relationship between the government and the market, and play an important role in the economic development of a country or region. This study uses grounded theory to explore its theoretical connotation and essential reasons, confirms the core elements from the three dimensions of subject, behaviour and environment, and then builds its theoretical framework. The results show that, under the influence of bounded rationality and opportunism, institutional transaction cost is a kind of cost generated by market players in the process of complying with government economic policies. Therefore, this study attempts to provide a reference path for institutional transaction cost reforms in other countries or regions from three aspects: improving the efficiency of government agencies, regulating government regulatory behaviour, and improving the institutional environment of the market.- Reproduced https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2241371 Institutional transaction costs profoundly reflect the relationship between the government and the market, and play an important role in the economic development of a country or region. This study uses grounded theory to explore its theoretical connotation and essential reasons, confirms the core elements from the three dimensions of subject, behaviour and environment, and then builds its theoretical framework. The results show that, under the influence of bounded rationality and opportunism, institutional transaction cost is a kind of cost generated by market players in the process of complying with government economic policies. Therefore, this study attempts to provide a reference path for institutional transaction cost reforms in other countries or regions from three aspects: improving the efficiency of government agencies, regulating government regulatory behaviour, and improving the institutional environment of the market.- Reproduced https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2241371
650			_aGovernment reform, Institutional transaction costs, Economic governance, Public policy, Grounded theory. _951336
773			_aLocal Government Studies
942			_cAR