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Institutional quality: criteria, determinants and benefits

Listed author(s):
  • Ioan POPESCU

    ()

    ("Alexandru Ioan Cuza" University of Iasi, Faculty of Economics and Business Administration, Romania)

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    Understanding human behavior and institutions mutuality, the economic and political implications of this interdependence, increased the importance of institutions and institutional analysis in economic theory. The institutional quality of the economic and political system is paramount to the welfare of nations. In the absence of appropriate institutions, individuals do not always have the ability to recognize what is socially beneficial. A central question in social sciences and history is, therefore, why societies evolve along different paths of institutional development and prosperity and why others do not adopt institutions that generate economic and social benefits. This work was supported by the project "Post-Doctoral Studies in Economics: training program for elite researchers - SPODE" co-funded from the European Social Fund through the Development of Human Resources Opera?ional Programme 2007-2013, contract no. POSDRU/89/1.5/S/61755

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    File URL: http://ices.ro/RePEc/zan/ygzier/2012/YGZIER_V21_ISS1_59to65.pdf
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    Article provided by Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH) in its journal THE YEARBOOK OF THE “GH. ZANE” INSTITUTE OF ECONOMIC RESEARCHES.

    Volume (Year): 21 (2012)
    Issue (Month): 1 ()
    Pages: 59-65

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    Handle: RePEc:zan:ygzier:v:21:y:2012:i:1:p:59-65
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    1. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    2. John Luke Gallup & Jeffrey D. Sachs & Andrew D. Mellinger, 1998. "Geography and Economic Development," NBER Working Papers 6849, National Bureau of Economic Research, Inc.
    3. Alesina, Alberto & Perotti, Roberto, 1996. "Income distribution, political instability, and investment," European Economic Review, Elsevier, vol. 40(6), pages 1203-1228, June.
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    6. Stéphane Straub, 2000. "Empirical Determinants of Good Institutions: Do We Know Anything?," Research Department Publications 4215, Inter-American Development Bank, Research Department.
    7. Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-662, June.
    8. Easterly, William & Levine, Ross, 2003. "Tropics, germs, and crops: how endowments influence economic development," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 3-39, January.
    9. Jeffrey D. Sachs, 2003. "Institutions Don't Rule: Direct Effects of Geography on Per Capita Income," NBER Working Papers 9490, National Bureau of Economic Research, Inc.
    10. Perotti, Roberto & Alesina, Alberto, 1996. "Income Distribution, Political Instability, and Investment," Scholarly Articles 4553018, Harvard University Department of Economics.
    11. Alberto Chong & Luisa Zanforlin, 2000. "Law tradition and institutional quality: some empirical evidence," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(8), pages 1057-1068.
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