Research programme 2012-2015

Regulatory Dynamics aims to provide a unique comparative and interdisciplinary study of the interaction between regulation and economic, social, and technological change both at the macro and micro levels.

Regulatory Dynamics

The goal is to answer the following three main questions:

Q1: How do changing macroeconomic, social, and technological conditions - such as rapid economic growth and economic crises - influence the formation and functioning of regulation?

Q2: How does behavior at the micro-level shape the actual content and operation of regulation?

Q3: What role do regulation and institutions play in shaping economic behavior and economic, social, and sustainable development?

The programme is organised into two theoretical sub-programmes (labeled T) and three applied sub-programmes (labeled A).


T1: Institutional Dynamics - this first theoretical sub-programme lays the foundations for the analysis of the dynamics of legal institutions by providing the historical and comparative basis for the development of rules and institutional change in response to changing economic conditions.

T2: Behavioral Dynamics - the second approach to regulatory dynamics is behavioural. This approach seeks to understand how the dynamics of regulation and behavior actually shape one another at the micro level.

It thus builds insights on the dynamic mutual interaction between regulation and agency needed to understand the broader questions of how regulation and economic change interact.


A1: Financial regulation in a time of crisis - the series of ongoing financial and economic worldwide crises has provided momentum for engaging in fundamental reforms of the financial sector and has unveiled both the need for and the challenges arising from such an endeavor. This subprogram examines the role of institutions’ in dealing with these crises.

A2: Competition law and development - this sub-program focuses on the optimal design and stage of implementation of competition laws, the transplantability of such laws from developed to developing economies, and the role of international institutions in the initial period.

A3: Mitigating the social and environmental risks of growth - this subprogramme seeks to understand how the labor, environmental, and health risks deriving from growth are and can be better mitigated by matching state and non-state regulatory instruments and implementation strategies to existing governance capacity.

Published by  ACLE

9 July 2014