Understanding The Relationship Between Institutions And Economic Development
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| 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 | : Ha-Joon Chang |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between institutional forms and functions, and to accept its multi-faceted nature. It concludes that a successful institutional adaptation must be politically legitimated by the members of society and requires a better knowledge of the historical and contemporary experiences of each country.
| Author | : Dora L. Costa |
| Publisher | : University of Chicago Press |
| Total Pages | : 400 |
| Release | : 2011-10 |
| Genre | : Business & Economics |
| ISBN | : 0226116344 |
The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.
| Author | : Ha-Joon Chang |
| Publisher | : Anthem Press |
| Total Pages | : 327 |
| Release | : 2007-11-15 |
| Genre | : Business & Economics |
| ISBN | : 0857286978 |
‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.
| 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 | : M. M. Shirley |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 241 |
| Release | : 2010-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1848443994 |
Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.
| Author | : Silvio Borner |
| Publisher | : OECD Publishing |
| Total Pages | : 120 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : |
This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.
| Author | : Shiping Tang |
| Publisher | : Princeton University Press |
| Total Pages | : 329 |
| Release | : 2022-09-06 |
| Genre | : Business & Economics |
| ISBN | : 0691235589 |
A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.
| Author | : Douglass Cecil North |
| Publisher | : New York and Geneva : United Nations |
| Total Pages | : 11 |
| Release | : 2003 |
| Genre | : Economic development |
| ISBN | : 9789211168808 |
This paper contains the text of a lecture delivered by Nobel laureate Professor Douglass C. North in March 2003, the first in a second series of lectures in honour of Gunnar Myrdal (the first Executive Secretary of the UN Economic Commission for Europe). The lecture highlights the important role played by institutions (defined as including formal rules such as the rule of law and property rights, as well as informal constraints relating to beliefs, traditions and social norms) in promoting socio-economic development. Professor North argues that the considerable gaps in per capita income between richer and poorer countries reflect the quality of their institutions. However, in a continuously evolving world economy, there is no single strategy for institutional design to fit all countries seeking sustained economic growth and development.
| 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.
