Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

The paper studies the relations between types of institutions on different components of human development. A role of … aggregate demand in determining the material components of human development is assumed. We thus divide institutions into those … in its three traditional components (economic development, health, knowledge). Both human development and institutions …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …

institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …

development. In this context institutions and institutional policies are crucial for a development process. In fact, for better … distribution and access to resources as well as for social cohesion, well-designed institutions are needed. …