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

The hallmark of the recent development and growth literature is a quest to identify institutions that explain a … exclusively on either the global sample or on developing nations. Certainly it is important to know which institutions are lacking … institutions actually matters in advanced and developing countries. In this paper we examine parameter heterogeneity in prominent …

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by … the innovation process and the division of labour between private and public actors in carrying out SI activities. In this … context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the …

institutions. To this purpose, we construct a small-open economy model of the “soft budget constraint” syndrome wherein … domestic economic institutions. Our model and empirical analysis help explain the divergence between southern European …