The paper explores the paths towards building institutional foundations for inclusive development in Sub-Saharan Africa. Viewing institutional configurations as a system of multiple equilibria, the concepts of endogenous institutions and institutional changes are used to address the question of...

Total factor productivity (TFP) differs greatly across countries.In this paper, I provide a novel rationalization for these differences.I consider two environments, one in which enforcement is full and the other in which enforcement is limited.In both settings, manufactured goods can be produced...

The impact of economic institutions on development is presently taken for granted but there is surprisingly scarce evidence on the channels through which institutions affect the organization of output. Imperfections in contractual enforcement, for example, could lead firms to adopt technologies...