of the impact of conflict point to negative gross domestic product (GDP) growth of -12 percent on average over 2011 …-18, resulting in a GDP contraction to about one-third of the 2010 level. In post-conflict simulation scenarios, the growth drivers … stable resolution of the conflict is achieved …

This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … market and the product market. The last part reviews recent progress to identify how institutions and policies can affect …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …