Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic … development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held … by substantial parts of society’s members are an important determinant of its institutions. It is further argued that …

This paper analyses the specific mechanisms through which legal institutions and the Rule of Law affect firm … provide firms' perceptions of whether judicial institutions are just, impartial, corruptible, swift, accessible, consistent … and effective, which allowed to create an index of firms' perception of legal institutions. It is analyzed how these …

across sectors. We also provide evidence from a survey we carried out in 2005 suggesting that institutions are more important …

Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation … results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment … performance in transition countries than institutionsper se. This suggests that macroeconomic stabilization and peace should be …

The notion that foreign aid harms the institutions of recipient governments remains prevalent. We combine new … disaggregated aid data and various metrics of political institutions to re-examine this relationship. Long-run cross-section and … alternative dynamic panel estimators show a small positive net effect of total aid on political institutions. Distinguishing …

effect that these institutions may have had, and continue to have, on contemporary institutional performance. Using … current institutions and are shown to be complementary to existing measure of institutional quality. …

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 …

, patronage benefits accrue to the legislature and public employees. When institutions fragment patronage powers and challengers …