TY - JOUR
T1 - Institutions and economic change
T2 - A critical survey of the new institutional approaches and empirical evidence
AU - Gagliardi, F.
N1 - Original article can be found at: http://www.sciencedirect.com/science/journal/10535357 Copyright Elsevier Inc.
PY - 2008
Y1 - 2008
N2 - 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.
AB - 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.
KW - Institutions
KW - Institutional analysis
KW - Economic change
U2 - 10.1016/j.socec.2007.03.001
DO - 10.1016/j.socec.2007.03.001
M3 - Article
SN - 1053-5357
VL - 37
SP - 416
EP - 443
JO - Journal of Socio-Economics
JF - Journal of Socio-Economics
IS - 1
ER -