We illuminate several important aspects of the nature and causes of growth and institutional change. To do this, we focus on the role resource pressures have played in the historic development of Hawaii's institutions. We discuss the Hawaiian story in the context of the natural co-evolution of...

Am 16. Februar 2000 vollendete Professor Vincenz Timmermann sein 65. Lebensjahr. Er hat sich - weit über die Stätten seiner wissenschaftlichen Tätigkeit hinaus - einen Ruf als vielseitiger und engagierter Wirtschaftswissenschaftler erworben. Mit dieser Festschrift möchten Kollegen und...

Economic Growth develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand...

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...