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The New Comparative Economics

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Author Info
Djankov, Simeon
Glaeser, Edward L
López-de-Silanes, Florencio
Shleifer, Andrei

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Abstract

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3882.

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Date of creation: May 2003
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Handle: RePEc:cpr:ceprdp:3882

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Keywords: colonial transplantations comparative economics institutions transition

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Find related papers by JEL classification:
P00 - Economic Systems - - General - - - General
P10 - Economic Systems - - Capitalist Systems - - - General
P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
P50 - Economic Systems - - Comparative Economic Systems - - - General

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  32. Hay, Jonathan R & Shleifer, Andrei, 1998. "Private Enforcement of Public Laws: A Theory of Legal Reform," American Economic Review, American Economic Association, vol. 88(2), pages 398-403, May. [Downloadable!] (restricted)
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  53. Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, vol. 98(3), pages 371-400, August. [Downloadable!] (restricted)
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