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Institutions and economic growth: Summary and synthesis

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Listed author(s):
  • Szirmai, Adam

    ()

    (UNU-MERIT / MGSoG)

Abstract

This paper provides a review and synthesis of the findings of the second phase of a research project on institutions and long-run economic performance. It discusses research findings in five areas, namely (1) the relationship between institutional characteristics and the duration of economic slumps; (2) the relative importance for growth of institutions, trade openness and geography; (3) the determinants and consequences of state capacities; (4) the interactions between institutions, foreign direct investment and domestic investment; and (5) the relative contributions of growth and inequality to poverty reduction. The paper concludes with recommendations for future research in the field of institutions and economic development.

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Paper provided by United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) in its series MERIT Working Papers with number 070.

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Date of creation: 31 Dec 2013
Handle: RePEc:unm:unumer:2013070
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Keywords: Institutions; Economic Growth; State Capacity; Foreign Direct Investment; FDI; Poverty;

Find related papers by JEL classification:

  • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
  • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
  • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
  • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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  16. Bluhm, Richard & Crombrugghe, Denis de & Szirmai, Adam, 2012. "Explaining the dynamics of stagnation: An empirical examination of the North, Wallis and Weingast approach," MERIT Working Papers 040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  17. Papke, Leslie E & Wooldridge, Jeffrey M, 1996. "Econometric Methods for Fractional Response Variables with an Application to 401(K) Plan Participation Rates," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(6), pages 619-632, Nov.-Dec..
  18. Williamson, Jeffrey G., 2011. "Trade and Poverty: When the Third World Fell Behind," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262015158, July.
  19. Bluhm, Richard & Szirmai, Adam, 2012. "Institutions and long-run growth performance: An analytic literature review of the institutional determinants of economic growth," MERIT Working Papers 033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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