although Menger stresses on the emergence of institutions, Veblen is much aware of analyzing their evolution. On this basis the …

1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …

colonial rule was to create financial incentives to adopt development policies that encouraged government spending. …

We examine how entrepreneurship and institutional and policy reforms affect development (proxied by the rate of growth …

We construct a simple model where political elites may block technological and institutional development, because of a … replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We … show that elites are unlikely to block development when there is a high degree of political competition, or when they are …

-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial … we document a positive cross-sectional association between national institutions and regional economic development … regional development. The positive within country effect of pre-colonial institutions also obtains in regions of partitioned …

We investigate the role of national institutions on regional development in a novel framework. We exploit the fact that … correlation between formal national institutions and economic development has to be carefully interpreted. …