Theoretical and empirical evidence on the relationship between institutions and economic prosperity remains ambiguous … bundled approach for measuring institutions. This approach takes into account interrelations in form of hierarchies between … political, economic and the societal institutions and thereby adds to the literature that deals with the mechanisms of economic …

Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … (from a Gini of 0.525 to 0.521) but the portion that cannot be explained by political institutions has increased …

characteristics with rich countries. Good institutions such as strong property rights and rule-of-law are key amongst those … those institutions to developing countries. Worse, good informal institutions seem to be a necessary condition for formal … institutions to “stick”. However, to the extent that good institutions can arise as a “spontaneous order” from individuals …

Within the fundamental determinants of cross-country income inequality, "humanly devised" political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … (from a Gini of 0.525 to 0.521) but the portion that cannot be explained by political institutions has increased …