This study introduces a comprehensive model of institutional grafting by examining the formation of legal institutions as shaped by three forces: (1) cultural, (2) structural, and (3) political. The model is used to argue that a country's growth rates are a function of the distance that new...

In this paper we discuss two propositions: the supply and demand of knowledge, and network externalities. We outline the characteristics that distinguish knowledge-intensive industries from the general run of manufacturing and service businesses. Knowledge intensity and knowledge specialisation...

This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is modelled through non homothetic preferences. We show that in such a model, unlike mainstream quality ladders models, the steady state equilibrium is characterised by a duopoly were...

Das vorliegende Arbeitspapler fasst die Ergebnisse einer im Sommer 1988 durchgeführten schriftlichen Expertenbefragung zu den Bestimmunsfaktoren von Forschung und Entwicklung in der Schweizer Industrie zusammen. Von den 940 beragten Untemehmungen haben 358 Oder ca. 40% geantwortet; sie waren in...

The article explains the peculiarities of institutional effects on growth rates in post-communist countries. By proposing a certain dependence of the institution-growth nexus on the nature of institutional emergence, the distinction between revolutionary and evolutionary processes of institution...

Mechanisms of compensation and reward for environmental services (CRES) are becoming increasingly contemplated as means for managing human–environment interactions. Most of the functional mechanisms in the tropics have been developed within the last 15 years; many developing countries still...

The original institutionalist theory of institutional change as elaborated by Paul D. Bush (1987) in the traditions of Veblen, Ayres and J.F. Foster (called here the VAFB-paradigm), provides a most important theoretical and empirical device for critical institutional analysis, with its...

This dissertation analyzes the importance of institutions for economic performance. The first two chapters assess the importance of institutions empirically, while the last one provides a dynamic model of institutional change. Chapter 1 analyzes the robustness of institutions in growth...