This paper examines the effect of trade integration and comparative advantage on one of a country’s institutions, which …

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This … paper argues that success in a capitalist economy depends not only on high quality institutions but also on finding one …

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using … formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition …

, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine …