A concept of sustainable development, institutional capital is the combination of the institution’s (1) value in the public domain, (2) its institutional strength, (3) its (good) institutional governance, and (4) its equilibrium(i.e., stability). These elements and the analysis of their economic, social and environmental impacts are fundamental to assessing the social and economic order (institutional capital) for achieving sustainable development.
 Joost Platje, “An institutional capital approach to sustainable development,” Management of Environmental Quality: An International Journal, Vol. 19, Issue 2 (2008), pp. 222–33, at: https://doi.org/10.1108/14777830810856609; and Joost Platje (2008) “Institutional capital” as a factor of sustainable development ‐ the importance of an institutional equilibrium, Ukio Technologinis ir Ekonominis Vystymas, Vol. 14, No. 2 (2008), pp. 144–50, at: