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 …

How quickly do firms respond to new institutions? Romanian survey data permits investigation of this question, using …, ownership, and state-relations are more important in determining responses to new institutions. Firms use institutions but do … institutions before the long-run. …

A fundamental question in economic development is how societies first acquire a successful set of institutions. To … productive institutions, ideas, and habits. This paper argues that the English experience of institutional development cannot be …

institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored … events influenced intellectual developments, institutions were at the center of analysis. Growth is strongly related to … institutional construction. Transition countries built institutions speedily but with marked variation across countries. Legal …

on the speed of construction and on variations across different types of institutions. It also examines the reactions of … firms to the new institutions. Firm adjustment is slower than institutional construction. The contrast between law's use in … transactions and problems in corporate governance suggests that complementarities between institutions are important and that new …

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 …