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Elites, institutions and growth

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  • Louis Corriveau

    (Université de Moncton)

Abstract

I discuss the debate between North and Thomas and Clark. I argue institutions do not cause growth, but institutional change does. I expound a theoretical model where the circulation of elites entails endogenous institutional change and growth. I prove a generation taken in isolation can increase its welfare by a unilateral reduction in institutional change, in societies where groups that compete for accession to the ruling class are relatively smaller in size; and by a move to more, in societies where those groups are relatively larger. I prove the former are dynamically efficient societies; and the latter, dynamically inefficient.

Suggested Citation

  • Louis Corriveau, 2016. "Elites, institutions and growth," Journal of Evolutionary Economics, Springer, vol. 26(5), pages 933-951, December.
    • Handle: RePEc:spr:joevec:v:26:y:2016:i:5:d:10.1007_s00191-016-0469-1
    DOI: 10.1007/s00191-016-0469-1
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    References listed on IDEAS

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    1. Richard R. Nelson, 2002. "special issue: Bringing institutions into evolutionary growth theory," Journal of Evolutionary Economics, Springer, vol. 12(1), pages 17-28.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    3. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 31-54, January.
    4. Corriveau, Louis, 1994. "Entrepreneurs, Growth and Cycles," Economica, London School of Economics and Political Science, vol. 61(241), pages 1-15, February.
    5. Timothy Besley & Torsten Persson, 2011. "Pillars of Prosperity: The Political Economics of Development Clusters," Economics Books, Princeton University Press, edition 1, number 9624.
    6. Philippe Aghion, 2005. "Growth and Institutions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(1), pages 3-18, March.
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    8. Efendic, Adnan & Pugh, Geoff & Adnett, Nick, 2011. "Institutions and economic performance: A meta-regression analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 586-599, September.
    9. Ansell,Ben W. & Samuels,David J., 2014. "Inequality and Democratization," Cambridge Books, Cambridge University Press, number 9781107000360.
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    Cited by:

    1. Corriveau, Louis, 2021. "Technologies, Institutions, development and growth," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 159-164.

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