Paldam, Martin; Gundlach, Erich - School of Economics and Management, University of Aarhus - 2007
The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as tran¬sitions occurring at roughly the same level (zones) of development. The Primacy of Insti¬tu¬tions (PoI) view claims that...