institutions as well as its combination of macro-level and firm-level dimensions. Theoretically, we use the index to propose two …

discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …, and inclusive political institutions to inform and monitor policymaking …

results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …