contributed to the emergence of an Austrian view of markets as institutions. We then characterize the original features of this …

This paper has two aims. First, it studies the way the Austrian theory of institutions evolved from the main works of … Menger. Second, and most significantly, it tries to justify the idea that the economic analysis of institutions was inspired …

Institutions matter: they affect individual action, influence cooperation and are crucial in making the difference …

Social and cultural determinants of economic institutions and outcomes have come to the forefront of economic research … autocracies), which suggests that religiosity affects the way institutions work through the political process. Individual …

Using the Arellano-Bond dynamic panel GMM estimator, this paper explores the effects of aid, institutions, and social … cohesion on per-capita income growth in 34 African countries, focusing in particular on the interplay of aid and institutions …, institutions (political rights and civil liberties) reduce the effectiveness of aid. We discuss the implications of these results. …

This paper examines the contribution of institutions, social cohesion, and trade to development (per-capita income …) with emphasis on fragile states in Africa. Results from GMM estimations suggest that political institutions, openness to … reached. The results associated with the effects of political institutions and openness to trade seem to suggest the …