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Institutions, Economics and the Development Quest

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  • Duarte N. Leite

    ()
    (CEF-UP (Center for Economics and Finance at UP), FEP (Faculdade de Economia da Universidade do Porto)

  • Sandra T. Silva

    ()
    (CEF-UP (Center for Economics and Finance at UP), FEP (Faculdade de Economia da Universidade do Porto)

  • Óscar Afonso

    ()
    (CEF-UP (Center for Economics and Finance at UP), FEP (Faculdade de Economia da Universidade do Porto)

Abstract

Institutions, crucial for the analysis of how agents deal with uncertainty, have been gaining increasing relevance on the Economic research agenda. In this paper, we analyze the institutional literature that provides insights into different research fields, aiming to explain why this perspective obtains better results than others, in the field of growth and Development Economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

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Bibliographic Info

Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 457.

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Length: 29 pages
Date of creation: Apr 2012
Date of revision:
Handle: RePEc:por:fepwps:457

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Keywords: Institutions; Institutional change; Economic development;

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References

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  1. Lukasz, Hardt, 2009. "The history of transaction cost economics and its recent developments," MPRA Paper 17989, University Library of Munich, Germany.
  2. Backhouse, Roger E., 2000. "Progress in Heterodox Economics," Journal of the History of Economic Thought, Cambridge University Press, Cambridge University Press, vol. 22(02), pages 149-155, June.
  3. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, 9.
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  19. Sandra Tavares Silva & Aurora Amelia Castro Teixeira & Mário Rui Silva, 2004. "Economics of the Firm and Economic Growth. An hybrid theoretical framework of analysis," FEP Working Papers 158, Universidade do Porto, Faculdade de Economia do Porto.
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  23. Gagliardi, Francesca, 2008. "Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 416-443, February.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. How is institutional economics doing? Very well
    by UDADISI in UDADISI on 2012-05-13 00:04:00
  2. The Best 10 Economics Papers of 2012
    by UDADISI in UDADISI on 2012-12-13 22:44:00
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Cited by:
  1. Ricardo Biscaia & Paula Sarmento, 2012. "Cost inefficiency and Optimal Market Structure in Spatial Cournot Discrimination," FEP Working Papers 462, Universidade do Porto, Faculdade de Economia do Porto.
  2. João Correia-da-Silva & Joana Pinho, 2012. "The profit-sharing rule that maximizes sustainability of cartel agreements," FEP Working Papers 463, Universidade do Porto, Faculdade de Economia do Porto.
  3. Andreea Stoian & Rui Henrique Alves, 2012. "Can EU high indebted countries manage to fulfill fiscal sustainability? Some evidence from the solvency constraint," FEP Working Papers 464, Universidade do Porto, Faculdade de Economia do Porto.
  4. Pedro Cosme Costa Vieira, 2012. "A low cost supercritical Nuclear + Coal 3.0 Gwe power plant," FEP Working Papers 461, Universidade do Porto, Faculdade de Economia do Porto.

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