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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...
Persistent link: https://www.econbiz.de/10011258823
This 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...
Persistent link: https://www.econbiz.de/10011207845
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...
Persistent link: https://www.econbiz.de/10011207847