Harmonization of the institutional system in Poland

Abstract

The article is aimed on showing how the Constitutional Tribunal influences on harmonization of the institutional system. In the article authors concentrated on the problem of the impact of formal and informal institutions on the efficiency of management processes. In the first part of the article the role of institutions in economic processes was underlined and it was proved that coherent and disturbancefree institutional system affects positively on the efficiency of economic processes, as well as it reduces uncertainty in interpersonal interactions. In the next part the role of the Constitutional Tribunal on harmonizing institutional system was described and mechanisms protecting against destabilization of institutional system were presented. In the last, empiric part of the article authors made an attempt of showing how the Constitutional Tribunal can influence on harmonizing institutions and, by harmonizing institutions, indirectly enhance the efficiency of economic processes. It was stated that such an influence is a real phenomenon, whereas the Constitutional Tribunal has a capability to neutralize institutional system disturbances.

Keywords

• new institutional economics
• institutional change
• institutional system
• harmonization of the institutional system