perceived institutional quality, as measured by citizens' expressed willingness to abide by key formal institutions. This …, this study explores the local effects of World Bank aid on perceived institutional quality in African aid receiving …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

of economic growth. One of the most striking features of economic development on the sub-Saharan subcontinent is the … the post-2000 period. Neither measures of human capital, geography nor measures of institutional quality appear to explain … this gap, suggesting that colonialism affected deeper societal factors that are crucial for economic growth but that are …

academic freedom and both labor and total-factor productivity growth. However, this effect only appears as long as the quality … of the legal system is sufficiently high. We suggest that this is because such institutional quality offers protection … benefits productivity growth. …

, as well as studies of inequality and economic growth. The main conclusion is that there is little, if any, Swedish … exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion … of the welfare state. The recent favorable growth record of Sweden, including the period of financial stress (2008 …

extractive economic and political institutions even after the weighted voting system was abolished and universal suffrage … using both extractive economic and political institutions (Acemoglu and Robinson (2008)). …