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 …

institutions, namely formal rules (constitution, judiciary, political system) as well as “personality-based” informal rules … (tribalism, wasta) might explain the middle-income growth trap. More precisely, we highlight that informal institutions, as well … as the distorted use of formal institutions, are a by-product of the process of state formation. They play a part in the …

literatures, the paper proposes that institutions have an impact on the direction of the diversification process, in particular on … presence of institutions that focus more on ‘non-market’ coordination in the domains of labor relations, corporate governance …

growing literature considers culturally-based beliefs and institutions as main drivers of the latter differences (Guiso et al …. 2006; Tabellini 2010). The intuition is that institutions and beliefs affect the incentive to accumulate human and physical … entrepreneurship; c) institutions matter for entrepreneurship and growth but, somehow, in unconventional ways. …

political institutions weight matrix best explains the institutional distance concept since it produces identical results to the … route of institutions spillover where institutions in a country lead to economic improvement in that country and generate …