The Impact Of Formal And Informal Institutions On Economic Growth
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| Author | : Constanze Dobler |
| Publisher | : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften |
| Total Pages | : 0 |
| Release | : 2011 |
| Genre | : Africa, North |
| ISBN | : 9783631616161 |
Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.
| Author | : Franziska Ohnsorge |
| Publisher | : World Bank Publications |
| Total Pages | : 397 |
| Release | : 2022-02-09 |
| Genre | : Business & Economics |
| ISBN | : 1464817545 |
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
| Author | : Claude Ménard |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 488 |
| Release | : 2000 |
| Genre | : Business & Economics |
| ISBN | : |
A presentation of contributions from some of the world's leading economists, including Ronald Coase and Douglass North. It demonstrates the extent and depth of the New Institutional Economics research programme with special emphasis on the interaction between institutional factors.
| Author | : Jean-Marie Baland |
| Publisher | : Princeton University Press |
| Total Pages | : 786 |
| Release | : 2020-01-21 |
| Genre | : Business & Economics |
| ISBN | : 0691191212 |
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"
| Author | : Basudeb Guha-Khasnobis |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 313 |
| Release | : 2006-09-21 |
| Genre | : Business & Economics |
| ISBN | : 0199204764 |
A collection of studies on formality and informality in developing countries, this volume contains contributions from anthropologists, economists, sociologists, and political scientists. It argues for moving beyond the formal-informal dichotomy, and offers information to develop guiding principles for intervention.
| Author | : Katsiaryna Svirydzenka |
| Publisher | : International Monetary Fund |
| Total Pages | : 43 |
| Release | : 2016-01-12 |
| Genre | : Business & Economics |
| ISBN | : 1513583700 |
There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one of two measures of financial depth – the ratio of private credit to GDP or stock market capitalization to GDP. However, these indicators do not take into account the complex multidimensional nature of financial development. The contribution of this paper is to create nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are then aggregated into an overall index of financial development. With the coverage of 183 countries on annual frequency between 1980 and 2013, the database should offer a useful analytical tool for researchers and policy makers.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 414 |
| Release | : 2021-07-23 |
| Genre | : Business & Economics |
| ISBN | : 1513575910 |
The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.
| Author | : Douglass C. North |
| Publisher | : Cambridge University Press |
| Total Pages | : 164 |
| Release | : 1990-10-26 |
| Genre | : Political Science |
| ISBN | : 9780521397346 |
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
| Author | : Ana Maria Oviedo |
| Publisher | : World Bank Publications |
| Total Pages | : 54 |
| Release | : 2009-06-01 |
| Genre | : Political Science |
| ISBN | : 0821379976 |
This survey assembles recent theoretical and empirical advances in the literature on economic informality and analyzes the causes and costs of informality in developed and developing economies. Using recent evidence, the survey discusses the nature and roots of informal economic activity across countries, distinguishing between informality as the result of exclusion and exit. The survey provides an extensive review of recent international experience with policies aimed at reducing informality, in particular, policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.
| Author | : Organisation for Economic Co-operation and Development. Development Centre |
| Publisher | : Org. for Economic Cooperation & Development |
| Total Pages | : 186 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : |
Informal institutions, such as family and kinship structures, traditions, and social norms, have largely been overlooked in the international development debate. This book reflects the views and experiences of policy makers and experts in their search to make informal institutions an instrument for achieving development objectives.Dealing with informal institutions can be difficult in a context of weak states with poorly established governance structures. The authors here propose a pragmatic approach in which policies are adapted to local realities and conditions in order to maximise the positive impact on development. Incorporating informal institutions in development strategies will be instrumental in improving development outcomes, including achieving the Millennium Development Goals.This book is based on the conclusions of an international seminar organised by the OECD Development Centre and the Development Assistance Committee entitled, Informal Institutions: What do we know and what can we do? held in Paris on 11-12 December 2006.
