There has recently been a resurgence of interest in how institutions affect economic performance. A review of this literature reveals that the concept of an ‘institution’ means different things to different scholars, both within economics and across the social sciences. This paper discusses what factors unify the different definitions of institutions, and develops a concept of institutions useful for the analysis of economic performance, and economic growth in particular. Specifically, it develops the notion of institutions as standard ‘social technologies’. Economic growth results from the co-evolution of physical and social technologies.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): 3 (2001) Issue (Month): 5 (July-December) Pages: 17-51 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Find related papers by JEL classification: B30 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - General B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology K00 - Law and Economics - - General - - - General (including Data Sources and Description) L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: