We study economies where improving the quality of institutions - modeled as improving contract enforcement - requires …

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of … a transactions-based economy with contracts preceding the transactions, and show that any one of (1) institutions, (2 …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …

growth). The deficiencies in the standing of theory will be reflected in weak institutions to handle the political processes … different variants of capitalism. - -Economic Growth, Institutions, Mergers and Acquisitions, the Resource Based View, Variants …

This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …

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. …

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 …