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Institutions, Entrepreneurship and Channels to Sustained Economic Growth

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  • Mo, Pak Hung

Abstract

In this paper, we build a simple model to integrate the findings and/or hypotheses in the diverse literatures related to economic development and growth. They include the literature on institutions attributed to Douglas North (1990), on entrepreneurs, innovations and technical progress attributed to Schumpeter (1934) and on the driving factors of economic growth in various theoretical and empirical contributions. The effort results in a comprehensive theory that is flexible enough to understand broad strategic lessons from diverse growth experiences across country and time. It is also specific enough to reveal the factors, channels, mechanism and the key to sustained economic growth.

Suggested Citation

  • Mo, Pak Hung, 2011. "Institutions, Entrepreneurship and Channels to Sustained Economic Growth," MPRA Paper 28911, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:28911
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    More about this item

    Keywords

    Institution; Entrepreneurship; Tools Variety; Technology; Economic Growth;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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