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The Process of Economic Change

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  • 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.

Suggested Citation

  • North, D-C, 1997. "The Process of Economic Change," Research Paper 128, World Institute for Development Economics Research.
    • Handle: RePEc:fth:wodeec:128
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    1. William Easterly & Ross Levine, 1997. "Africa's Growth Tragedy: Policies and Ethnic Divisions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1203-1250.
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    Cited by:

    1. Ashima Goyal, 2005. "Making the politician and the bureaucrat deliver: Employment guarantee in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2005-008, Indira Gandhi Institute of Development Research, Mumbai, India.
    2. 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.
    3. Alberto Battistini, 2007. "Surplus-Value, Distribution and Exploitation," Department of Economics University of Siena 518, Department of Economics, University of Siena.
    4. Carmen Richerzhagen, 2014. "The Nagoya Protocol: Fragmentation or Consolidation?," Resources, MDPI, vol. 3(1), pages 1-17, February.
    5. 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.
    6. Khalil, Elias, 2007. "The Mirror-Neuron Paradox: How Far is Sympathy from Compassion, Indulgence, and Adulation?," MPRA Paper 3509, University Library of Munich, Germany.
    7. Edwards, Sebastian & Garcia Marin, Alvaro, 2015. "Constitutional rights and education: An international comparative study," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 938-955.
    8. Antonelli Cristiano, 2012. "The foundations of a slow growth economy: globalization and induced technological change towards a knowledge economy," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201204, University of Turin.
    9. Fine, B., 2000. "Bringing the Social Back into Economies: Progress or Reductionism?," Department of Economics - Working Papers Series 731, The University of Melbourne.
    10. François Facchini, 2013. "Economic freedom in Muslim countries: an explanation using the theory of institutional path dependency," European Journal of Law and Economics, Springer, vol. 36(1), pages 139-167, August.
    11. 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.
    12. 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.
    13. Shilpi Kapur & Sukkoo Kim, 2006. "British Colonial Institutions and Economic Development in India," NBER Working Papers 12613, National Bureau of Economic Research, Inc.
    14. Rastoin, J.L., 2006. "Le système alimentaire mondial est-il soluble dans le développement durable ?," Working Papers MoISA 200605, UMR MoISA : Montpellier Interdisciplinary center on Sustainable Agri-food systems (social and nutritional sciences): CIHEAM-IAMM, CIRAD, INRAE, L'Institut Agro, Montpellier SupAgro, IRD - Montpellier, France.
    15. François Facchini, 2011. "Economic freedom in Muslim countries : an explanation using the theory of institutional path dependency," Post-Print halshs-00587694, HAL.
    16. Sophia du Plessis, 2007. "Democracy and the feedback mechanism in Botswana," Working Papers 10/2007, Stellenbosch University, Department of Economics.
    17. 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.
    18. 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.
    19. Teodor Sedlarski, 2009. "Transaction Costs in the Course of the System Transformation in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 35-55.
    20. Robert Ciborowski, 2014. "Innovation Process Adjusting In Peripheral Regions. The Case Of Podlaskie Voivodship," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(2), pages 57-72, June.
    21. 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.

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    More about this item

    Keywords

    ECONOMIC GROWTH ; ECONOMIC DEVELOPMENT;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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