It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and focus has now shifted to investigating the deeper determinants of economic growth. Two such forces are highlighted in literature : institutions and geography....

This paper reviews the debate surrounding the “deeper determinants†of economic performance. It reviews the work of Institutional School and Geography School and their interpretation of the long-run development. The paper then examines the evidence provided by the respective schools in...

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and focus has now shifted to investigating the ‘deeper determinants’ of economic growth. Two such forces are highlighted in literature: institutions and...

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and the focus has now shifted to investigating the deeper determinants of economic growth. Two such forces are highlighted in the literature: institutions and...

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and focus has now shifted to investigating the ‘deeper determinants’ of economic growth. Two such forces are highlighted in literature: institutions and...