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On Economic Growth and Development

Author

Listed:
  • Enrico Colombatto

    () (Facoltà di Economia, Università di Torino)

Abstract

The paper offers a subjectivist approach to economic growth and an institutional view of development. In particular, the term development regards the prevailing rules of the game and their effects on the key variables for economic activity to take off: property rights and productive entrepreneurship. And growth is deemed to be the result of favourable institutional environments where chances are exploited and individuals succeed in improving their living conditions. Methodological and normative investifation questions the validity of the recent and increasing literature on institution design, where institution economics actually plays only a modest role.

Suggested Citation

  • Enrico Colombatto, 2006. "On Economic Growth and Development," CAE Working Papers 38, Aix-Marseille Université, CERGAM.
  • Handle: RePEc:cgm:wpaper:38
    as

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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Nikolay Nenovsky & Gergana Mihaylova, 2007. "Dynamics of the Financial Wealth of the Institutional Sectors in Bulgaria for the Period 1990 – 2005," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 72-92.
    2. Alexander Cotte, Poveda, 2011. "Economic development and growth in Colombia: An empirical analysis with super-efficiency DEA and panel data models," Socio-Economic Planning Sciences, Elsevier, vol. 45(4), pages 154-164, December.

    More about this item

    Keywords

    Growth; Development; Institutional economics;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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