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Institutions, Development, and Economic Growth

Editor

Listed:
  • Theo S. Eicher
    (University of Washington)

  • Cecilia García-Peñalosa
    (Groupement de Recherche en Economie Quantitative d'Aix Marseille)

Abstract

The determinants of economic growth and development are hotly debated among economists. Financial crises and failed transition experiments have highlighted the fact that functioning institutions are fundamental to the goal of achieving economic growth. The growth literature has seen an abundance of empirical studies on the influence of institutions and the mechanisms by which institutions affect development. This CESifo volume provides a systematic overview of the current scholarship on the impact of institutions on growth. The contributors, all internationally prominent economists, consider theoretical and empirical relationships between institutions and growth. Concepts covered include "appropriate institutions" (the idea that different institutional arrangements are appropriate at different stages of economic development); liberalized credit markets; the influence of institutions on productivity; institutional and regulatory reforms in the OECD; how innovation and entrepreneurship influence growth (including an analysis of patent activity in the United States from 1790 to 1930); the endogeneity of institutions as seen in the recruitment of elites by higher education institutions; the effect of economic development on transitions to democracy; and technology adoption in agriculture.

Suggested Citation

  • Theo S. Eicher & Cecilia García-Peñalosa (ed.), 2006. "Institutions, Development, and Economic Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262050811, December.
    • Handle: RePEc:mtp:titles:0262050811
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    Citations

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    Cited by:

    1. Baumöhl, Eduard & Iwasaki, Ichiro & Kočenda, Evžen, 2019. "Institutions and determinants of firm survival in European emerging markets," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 431-453.
    2. Gül Ertan Özgüzer & Luca Pensieroso, 2013. "An analysis of Turkey's accession to the European Union," Canadian Journal of Economics, Canadian Economics Association, vol. 46(4), pages 1380-1405, November.
    3. Saima Nawaz & M. Idrees Khawaja, 2016. "Fiscal Policy, Institutions And Growth: New Insights," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(05), pages 1251-1278, December.
    4. 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.
    5. Xiaowei Zang, 2010. "Why Are the Elite in China Motivated to Promote Growth?," WIDER Working Paper Series wp-2010-084, World Institute for Development Economic Research (UNU-WIDER).
    6. Bennett, Daniel & Nikolaev, Boris & Aidt, Toke, 2016. "Institutions & Well-being," MPRA Paper 78436, University Library of Munich, Germany.
    7. Justin Yifu Lin & Wei Wang & Venite Zhaoyang Xu, 2021. "Catch‐up industrial policy and economic transition in China," The World Economy, Wiley Blackwell, vol. 44(3), pages 602-632, March.
    8. Agostino, Mariarosaria & Nifo, Annamaria & Trivieri, Francesco & Vecchione, Gaetano, 2016. "Total factor productivity heterogeneity: channelling the impact of institutions," MPRA Paper 72759, University Library of Munich, Germany.
    9. Koçak, Emrah, 2017. "Does institutional quality drive innovation? Evidence from system-GMM estimates," MPRA Paper 90299, University Library of Munich, Germany.

    More about this item

    Keywords

    institutions; development; economic growth; agriculture;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General

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