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The Process of Economic Change

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Author Info

  • North, D-C

Abstract

A good deal is known about what makes for successful economic development, but very little is known about how to get there - that entails an understanding of the process of economic change. The paper fist examines the sources of successful growth and then explores the process of dynamic change of economies. As to sources of growth, three fundamental factors are discussed : basic economic determinants, the institutional framework and the cultural heritage of society.

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Bibliographic Info

Paper provided by World Institute for Development Economics Research in its series Research Paper with number 128.

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Length: 16 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:wodeec:128

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Postal: United Nations University; World Institute for Development Economics Research, Katajanokanlaituri 6B, 00160 Helsinki
Phone: +358-9-6159911
Fax: +358-9-61599333
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Web page: http://www.wider.unu.edu/
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Keywords: ECONOMIC GROWTH ; ECONOMIC DEVELOPMENT;

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Cited by:
  1. François Facchini, 2011. "Economic freedom in Muslim countries: an explanation using the theory of institutional path dependency," Documents de travail du Centre d'Economie de la Sorbonne 11015, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  2. Rastoin, J.L., 2006. "Le système alimentaire mondial est-il soluble dans le développement durable ?," Working Papers MOISA 200605, UMR MOISA : Marchés, Organisations, Institutions et Stratégies d'Acteurs : CIHEAM-IAMM, CIRAD, INRA, Montpellier SupAgro, IRD - Montpellier, France.
  3. Ashima Goyal, 2009. "Making the Politician and the Bureaucrat Deliver: Employment Guarantee in India," Working Papers id:1895, eSocialSciences.
  4. Douglass C North & John Joseph Wallis & Barry R. Weingast, 2006. "A Conceptual Framework for Interpreting Recorded Human History," NBER Working Papers 12795, National Bureau of Economic Research, Inc.
  5. Fine, B., 2000. "Bringing the Social Back into Economies: Progress or Reductionism?," Department of Economics - Working Papers Series 731, The University of Melbourne.
  6. Shilpi Kapur & Sukkoo Kim, 2006. "British Colonial Institutions and Economic Development in India," NBER Working Papers 12613, National Bureau of Economic Research, Inc.
  7. Robert P. Gilles & Emiliya A. Lazarova & Pieter H. M. Ruys, 2007. "Stability, Specialization And Social Recognition," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 83-109.
  8. Sophia du Plessis, 2007. "Democracy and the feedback mechanism in Botswana," Working Papers 10/2007, Stellenbosch University, Department of Economics.
  9. Ruys, P.H.M., 2005. "The Governance of Services," Discussion Paper 2005-024, Tilburg University, Tilburg Law and Economic Center.
  10. Khalil, Elias, 2007. "The Mirror-Neuron Paradox: How Far is Sympathy from Compassion, Indulgence, and Adulation?," MPRA Paper 3509, University Library of Munich, Germany.
  11. Germán Burgos, 2006. "Instituciones jurídicas y crecimiento económico: la experiencia asiática," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 137-166, January-J.
  12. Pelikan, Pavel, 2006. "Markets vs. Government when Rationality Is Unequally Bounded: Some Consequences of Cognitive Inequalities for Theory and Policy," Ratio Working Papers 85, The Ratio Institute, revised 03 Sep 2006.
  13. Zhao, Liang & Zhu, Xian Chen, 2007. "A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism," MPRA Paper 3862, University Library of Munich, Germany.
  14. Leisen Fabrizio & Mira Antonietta, 2006. "Coalescence time and second largest eigenvalue modulus in the monotone reversible case," Economics and Quantitative Methods qf06011, Department of Economics, University of Insubria.
  15. repec:hal:journl:halshs-00587694 is not listed on IDEAS
  16. Alberto Battistini, 2007. "Surplus-Value, Distribution and Exploitation," Department of Economics University of Siena 518, Department of Economics, University of Siena.
  17. Andros Kourtellos, 2002. "Modeling Parameter Heterogeneity in Cross Country Growth Regression Models," University of Cyprus Working Papers in Economics 0212, University of Cyprus Department of Economics.
  18. Gonzalo Caballero & Christopher Kingston, 2005. "Cambio cultural, dinámica institucional y ciencia cognitiva: hacia una comprensión multidisciplinaria del desarrollo económico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 7(13), pages 327-335, July-Dece.

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