Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence

Research output: Contribution to journalArticlepeer-review

38 Citations (Scopus)
167 Downloads (Pure)

Abstract

The purpose of this paper is to review the main literature that has analyzed the channels through which institutions influence economic change, hence development. The interest for this topic arises from the relatively recent consensus that has emerged among scholars and policy makers in considering institutions a key factor shaping the outcome of the economic game. The aim is pursued by discussing the theoretical approaches proposed within the New Institutional Economics to inquiry into institutional issues. Besides, the empirical evidence resulting from the major studies that have lately investigated the nexus between institutions and economic performance is presented as well.
Original languageEnglish
Pages (from-to)416-443
JournalJournal of Socio-Economics
Volume37
Issue number1
DOIs
Publication statusPublished - 2008

Keywords

  • Institutions
  • Institutional analysis
  • Economic change

Fingerprint

Dive into the research topics of 'Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence'. Together they form a unique fingerprint.

Cite this