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Las instituciones como factor que regula el desempeño económico

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  • Richard R. Nelson

    ()
    (Columbia University)

  • Bhaven N. Sampat

    ()
    (Columbya University)

Abstract

There has recently been a resurgence of interest in how institutions affect economic performance. A review of this literature reveals that the concept of an ‘institution’ means different things to different scholars, both within economics and across the social sciences. This paper discusses what factors unify the different definitions of institutions, and develops a concept of institutions useful for the analysis of economic performance, and economic growth in particular. Specifically, it develops the notion of institutions as standard ‘social technologies’. Economic growth results from the co-evolution of physical and social technologies.

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Bibliographic Info

Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.

Volume (Year): 3 (2001)
Issue (Month): 5 (July-December)
Pages: 17-51

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Handle: RePEc:rei:ecoins:v:3:y:2001:i:5:p:17-51

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Related research

Keywords: institutions; economic growth; rutines; social technologies; physical technologies;

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References

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  1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471.
  2. Alchian, Armen A. & Demsetz, Harold, 1973. "The Property Right Paradigm," The Journal of Economic History, Cambridge University Press, vol. 33(01), pages 16-27, March.
  3. Richard N. Langlois, 2000. "Knowledge, Consumption, and Endogenous Growth," Working papers 2000-02, University of Connecticut, Department of Economics.
  4. Shepsle, Kenneth A & Weingast, Barry R, 1982. "Institutionalizing Majority Rule: A Social Choice Theory with Policy Implications," American Economic Review, American Economic Association, vol. 72(2), pages 367-71, May.
  5. Greif, Avner, 1998. "Historical and Comparative Institutional Analysis," American Economic Review, American Economic Association, vol. 88(2), pages 80-84, May.
  6. Richard Langlois, 1995. "Do firms plan?," Constitutional Political Economy, Springer, vol. 6(3), pages 247-261, October.
  7. Langlois,Richard, 1989. "Economics as a Process," Cambridge Books, Cambridge University Press, number 9780521378598.
  8. Shubik, Martin, 1975. "The General Equilibrium Model Is Incomplete and Not Adequate for the Reconciliation of Micro and Macroeconomic Theory," Kyklos, Wiley Blackwell, vol. 28(3), pages 545-73.
  9. Sugden, Robert, 1989. "Spontaneous Order," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 85-97, Fall.
  10. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
  11. Nelson, Richard R, 1998. "The Agenda for Growth Theory: A Different Point of View," Cambridge Journal of Economics, Oxford University Press, vol. 22(4), pages 497-520, July.
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