After a decade of research on the relationship between institutions and growth, scholars in this field seem to be divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key importance of institutions for development. Other authors...

The determinants of economic growth and development are hotly debated among economists. Financial crises and failed transition experiments have highlighted the fact that functioning institutions are fundamental to the goal of achieving economic growth. The growth literature has seen an abundance...

Intro -- Series Foreword -- Preface -- I Institutions and Economic Performance -- 1 On Institutions and Growth -- 2 Financial Institutional Reform, Growth, and Equality -- 3 How Do Institutions Lead Some Countries to Produce So Much More Output per Worker than Others? -- 4 Regulation and...