The interactive implementation of agents’ intentional actions generates new combinations that are at the base of structural change and complexity and produce unexpected consequences. An interesting case of study is provided by the absorption of new technology strategies for development. A...

There seems to be recent evidence of a relation between economic development and the college graduates profile. Some majors such as engineering apparently are more growth inductive than others. However, economic theory does not give us a strong support to this relation. Human capital theory...

Taking stock of the main approaches to explaining institutional change and its relationship with economic development, this paper proposes an original formal framework to analyze institutional evolution. Institutions have formal (F) and informal (N) aspects that may evolve at different paces,...