1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …

innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … robust even after controlling for the effect of institutions and other factors. We also provide evidence of a two-way causal … effect between culture and institutions. …

There is a simple case which combines different lines of thought of the institutional economy: institutions matter. If … defined institutions are correlated with economic growth, wealth, welfare, etc. More and more authors in the literature …

We consider the relative contributions of changing technology and institutions for economic growth through the … the tool of stochastic frontier analysis, we find that both institutions and technology were important for the success of … the Danish dairy industry and, by implication, the growth and early development of the Danish economy. …

We consider the relative contributions of changing technology and institutions for economic growth through the … the tool of stochastic frontier analysis, we find that both institutions and technology were important for the success of … the Danish dairy industry and, by implication, the growth and early development of the Danish economy. …

1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …- 2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …

positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …

of good institutions (especially a high quality of regulation) can in part prevent this effect, which can be cautiously … institutions, these losses may be prevented or mitigated. …

entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not … illustrating a U-shaped or L-shaped relationship to more complex measures, which are positively related to economic development …. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be deployed to …