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Total Factor Productivity and the Institutional Possibility Frontier: An Outline of a Link between Two Theoretical Perspectives on Institutions, Culture and Long Run Growth

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  • Ilya Lokshin

    () (National Research University Higher School of Economics)

Abstract

The paper proposes an outline for the link between two theoretical perspectives on the prerequisites of high institutional quality and long run growth. One framework is based on the tradeoff between disorder and dictatorship and introduces the notion of the institutional possibility frontier, another perspective focuses upon the role of total factor productivity as a parameter underlying long run growth. The connection between these frameworks is proposed and elaborated. The paper sheds some light on the nature of total factor productivity and designates the directions for further research on fundamental conditions of high-quality development

Suggested Citation

  • Ilya Lokshin, 2015. "Total Factor Productivity and the Institutional Possibility Frontier: An Outline of a Link between Two Theoretical Perspectives on Institutions, Culture and Long Run Growth," HSE Working papers WP BRP 30/PS/2015, National Research University Higher School of Economics.
  • Handle: RePEc:hig:wpaper:30/ps/2015
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    References listed on IDEAS

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    Keywords

    total factor productivity; institutional possibility frontier; social capital;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • Y90 - Miscellaneous Categories - - Other - - - Other

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