Symposium on institutions and economic performance/
Banerjee, Abhijit V.
Symposium on institutions and economic performance/ created by Abhijit V. Banerjee and Maitreesh Ghatak - Economics of transition Volume 13, number 3 .
One of the most welcome developments in economics over the last twenty-five years is the resurgence of interest in institutions. The conceptual work of North (1981) and Williamson (1985) on why institutions are important, along with theoretical developments in the economics of contracts and organizations, set the stage for a large empirical literature that documents the enormous differences in institutions across countries, and goes on to argue that these can explain a large part of cross-country differences in output per capita.
09670750
Institutional economics--Economic growth--World
HC244 ECO
Symposium on institutions and economic performance/ created by Abhijit V. Banerjee and Maitreesh Ghatak - Economics of transition Volume 13, number 3 .
One of the most welcome developments in economics over the last twenty-five years is the resurgence of interest in institutions. The conceptual work of North (1981) and Williamson (1985) on why institutions are important, along with theoretical developments in the economics of contracts and organizations, set the stage for a large empirical literature that documents the enormous differences in institutions across countries, and goes on to argue that these can explain a large part of cross-country differences in output per capita.
09670750
Institutional economics--Economic growth--World
HC244 ECO