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Institutions, social capability, and economic growth

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  • Putterman, Louis

Abstract

I discuss correlations between the historical growth of social capabilities and patterns of economic growth across world regions since the industrial revolution and especially in recent decades. Based on this analysis, I argue that the apparent relationship between institutions and economic growth results in part because better institutional performance goes hand in hand with more advanced social capabilities.

Suggested Citation

  • Putterman, Louis, 2013. "Institutions, social capability, and economic growth," Economic Systems, Elsevier, vol. 37(3), pages 345-353.
    • Handle: RePEc:eee:ecosys:v:37:y:2013:i:3:p:345-353
    DOI: 10.1016/j.ecosys.2012.12.002
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    References listed on IDEAS

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    1. Louis Putterman & David N. Weil, 2010. "Post-1500 Population Flows and The Long-Run Determinants of Economic Growth and Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1627-1682.
    2. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(2), pages 385-406, June.
    3. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    4. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, April.
    5. Areendam Chanda & Louis Putterman, 2007. "Early Starts, Reversals and Catch‐up in the Process of Economic Development," Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(2), pages 387-413, June.
    6. Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1231-1294.
    7. Burkett, John P & Humblet, Catherine & Putterman, Louis, 1999. "Preindustrial and Postwar Economic Development: Is There a Link?," Economic Development and Cultural Change, University of Chicago Press, vol. 47(3), pages 471-495, April.
    8. Peter Murrell, 1995. "The Transition According to Cambridge, Mass," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 164-178, March.
    9. Bockstette, Valerie & Chanda, Areendam & Putterman, Louis, 2002. "States and Markets: The Advantage of an Early Start," Journal of Economic Growth, Springer, vol. 7(4), pages 347-369, December.
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    Citations

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    Cited by:

    1. Andersson, Martin, 2018. "Resilience to Economic Shrinking: A Social Capability Approach to Processes of Catching up in the Developing World 1951-2016," Lund Papers in Economic History 183, Lund University, Department of Economic History.
    2. Wen-Jing Suo & Chai-Lee Goi & Mei-Teh Goi & Adriel K. S. Sim, 2022. "Factors Influencing Behavioural Intention to Adopt the QR-Code Payment: Extending UTAUT2 Model," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 13(2), pages 1-22, August.
    3. Mariusz Jarmuzek & Mr. Tonny Lybek, 2018. "Can Good Governance Lower Financial Intermediation Costs?," IMF Working Papers 2018/279, International Monetary Fund.
    4. Andersson, Jens & Andersson, Martin, 2019. "Beyond Miracle and Malaise: Social Capability in Côte d’Ivoire and Senegal during the Development Era 1930-1980," Lund Papers in Economic History 202, Lund University, Department of Economic History.
    5. Valentinov, Vladislav & Hielscher, Stefan & Pies, Ingo, 2015. "Nonprofit organizations, institutional economics, and systems thinking," Economic Systems, Elsevier, vol. 39(3), pages 491-501.
    6. Ayse Y. Evrensel & Itai Sened, 2019. "Does Higher Religiosity Translate into Higher Institutional Quality? Evidence From 98 Countries," SAGE Open, , vol. 9(3), pages 21582440198, July.
    7. Gao, Ce & He, Xubo, 2023. "Social capability and long-term sustained growth," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1111-1122.
    8. Farzaneh KHALILI & Majid AFSHARIRAD & Abdolrahim HASHEMI DIZAJ & Mehdi YAZDANSHENAS BAHOGHOGH, 2021. "Spatial Linkage Between Quality Of Institution, Natural Resources Management With Gdp Per Capita In D8 Countries (Durbin Model In Panel Data)," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 239-256, June.
    9. Ramona Țigănașu, 2018. "An Overview Of The European Union Resilience Capacity: Scientific Limits And Methodological Aspects Related To Its Measurement," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 170-181, December.
    10. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.

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    More about this item

    Keywords

    Social capability; Institutions; Economic growth; Comparative development; Economy of China;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General
    • N90 - Economic History - - Regional and Urban History - - - General, International, or Comparative

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