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 …

power structure and levels of social control of the pre-uprising regimes and their state institutions, on the one hand, and …

This cursory literature review discusses the direct and indirect effects of institutions, governance, and democracy on … economic growth, and the following conclusions are drawn. First, institutions and governance have a positive effect on growth … but its net effect remains inconclusive. There remains unanswered the question of why institutions and governance matter …

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 …

of the reason may be related to the interaction between weak institutions and trade. In particular, I construct a model … in which trade opening in societies with weak institutions (in particular autocratic and elite-controlled political …