): "Moreover, "third factors", such as a country's legal system and political institutions certainly drive both financial and …

the interdependencies of institutions of different types and spatial scales. It aims at developing a conceptual framework … institutional change and economic evolution in regions. The paper offers a review on how institutions have been conceptualised in … interdependencies between different types of institutions for institutional change as well as economic outcomes. The concept of …

There is a consensus among scholars that institutions (i.e. norms and regulations) are country specific. The paper aims … to contribute to the debate by examining the type of institutions which have been the most important for growth in … classical growth factors such as investment and export turn out to be more important for growth than institutions. …