IDEAS home Printed from https://ideas.repec.org/a/ksp/journ6/v4y2017i2p110-127.html
   My bibliography  Save this article

A Political Economy Approach of Institutional Research

Author

Listed:
  • Michelle Yan LIU

    (Jlanshan St., No.217, Shahekcu District, Dalian, China.)

Abstract

Institutional research is ready to move to the next stage, the stage, as argued by this paper, should be characterized with a more comprehensive and integrated social sciences approach. The theoretical foundation for such a move exists, as the naturel connections between political institutions and economic institutions were well addressed by North, Fukuyama, and Acemoglu; the influences of cultural heritage on the institutional choices were aldo discussed by North and Huntington. Another shift in institutional research proposed by this paper is the change from the general solutions to the specific solutions because the institutional characteristics are individualized after considering the impacts of culture heritage. Through the data analysis of World Governance Index (WGI) and other development indicators this paper presents the connections between political and economic institutions and the unique characteristics of political orders and developmental paths of a few specific groups of countries. The paper also discusses the influences of cultural heritage on the institution’s choice and transformation path. Finally the paper proposes an institutional research framework.

Suggested Citation

  • Michelle Yan LIU, 2017. "A Political Economy Approach of Institutional Research," Journal of Economics Bibliography, KSP Journals, vol. 4(2), pages 110-127, June.
  • Handle: RePEc:ksp:journ6:v:4:y:2017:i:2:p:110-127
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEB/article/download/1242/1300
    Download Restriction: no

    File URL: http://www.kspjournals.org/index.php/JEB/article/view/1242
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Philippe Aghion, 2005. "Growth and Institutions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(1), pages 3-18, March.
    2. Daron Acemoglu & Suresh Naidu & Pascual Restrepo & James A. Robinson, 2019. "Democracy Does Cause Growth," Journal of Political Economy, University of Chicago Press, vol. 127(1), pages 47-100.
    3. 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.
    4. Varsakelis, Nikos C., 2006. "Education, political institutions and innovative activity: A cross-country empirical investigation," Research Policy, Elsevier, vol. 35(7), pages 1083-1090, September.
    5. Ronald Coase & Ning Wang, 2012. "How China Became Capitalist," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-01937-0, October.
    6. W. J. Henisz, 2000. "The Institutional Environment for Economic Growth," Economics and Politics, Wiley Blackwell, vol. 12(1), pages 1-31, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. liu, michelle yan, 2016. "Political Economy Approach of Institutional Research," MPRA Paper 75939, University Library of Munich, Germany, revised Dec 2016.
    2. Carillo, Maria Rosaria & Papagni, Erasmo, 2014. "“Little Science” and “Big Science”: The institution of “Open Science” as a cause of scientific and economic inequalities among countries," Economic Modelling, Elsevier, vol. 43(C), pages 42-56.
    3. Ezcurra, Roberto & Zuazu, Izaskun, 2019. "Political equality and quality of government," MPRA Paper 96476, University Library of Munich, Germany.
    4. Canes-Wrone, Brandice & Ponce de Leon, Christian & Thieme, Sebastian, 2022. "Electoral Cycles, Investment, and Institutional Constraints in Developing Democracies," IAST Working Papers 22-129, Institute for Advanced Study in Toulouse (IAST).
    5. José Antonio Alonso & Carlos Garcimartín & Luis Rivas, 2011. "Taxes, Foreign Aid and Quality of Governance Institutions," Chapters, in: Mehmet Ugur & David Sunderland (ed.), Does Economic Governance Matter?, chapter 7, Edward Elgar Publishing.
    6. Eicher, Theo S. & García-Peñalosa, Cecilia & Kuenzel, David J., 2018. "Constitutional rules as determinants of social infrastructure," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 182-209.
    7. Kodila-Tedika, Oasis & Tcheta-Bampa, Albert, 2014. "Cold War and Institutional Quality: Some Empirical Evidence," MPRA Paper 53965, University Library of Munich, Germany.
    8. José Antonio Alonso & Carlos Garcimartín, 2011. "Does Aid Hinder Tax Efforts? More Evidence," Discussion Papers 11/04, University of Nottingham, CREDIT.
    9. Clement, Christine, 2015. "The formal-informal economy dualism in a retrospective of economic thought since the 1940s," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 43/2015, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
    10. Lewkowicz, Jacek & Woźniak, Michał & Wrzesiński, Michał, 2022. "COVID-19 and erosion of democracy," Economic Modelling, Elsevier, vol. 106(C).
    11. Litina, Anastasia, 2012. "Unfavorable land endowment, cooperation, and reversal of fortune," MPRA Paper 39702, University Library of Munich, Germany.
    12. Delgado, Michael S. & McCloud, Nadine & Kumbhakar, Subal C., 2014. "A generalized empirical model of corruption, foreign direct investment, and growth," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 298-316.
    13. Mayshar, Joram & Moav, Omer & Neeman, Zvika, 2011. "Transparency, Appropriability and the Early State," CEPR Discussion Papers 8548, C.E.P.R. Discussion Papers.
    14. João T. Jalles, 2022. "Do credit rating agencies reward fiscal prudence?," International Finance, Wiley Blackwell, vol. 25(1), pages 2-22, April.
    15. Theo S. Eicher & Andreas Leukert, 2009. "Institutions and Economic Performance: Endogeneity and Parameter Heterogeneity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 197-219, February.
    16. Jamus Jerome Lim, 2021. "The limits of central bank independence for inflation performance," Public Choice, Springer, vol. 186(3), pages 309-335, March.
    17. Kryeziu Liridon & Coşkun Recai, 2018. "Political and Economic Institutions and Economic Performance: Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 84-99, December.
    18. Lin, Chen & Lin, Ping & Song, Frank, 2010. "Property rights protection and corporate R&D: Evidence from China," Journal of Development Economics, Elsevier, vol. 93(1), pages 49-62, September.
    19. Robinson, James A., 2010. "Elites and Institutional Persistence," WIDER Working Paper Series 085, World Institute for Development Economic Research (UNU-WIDER).
    20. Richard S. J. Tol, 2021. "The Economic Impact of Climate in the Long Run," World Scientific Book Chapters, in: Anil Markandya & Dirk Rübbelke (ed.), CLIMATE AND DEVELOPMENT, chapter 1, pages 3-36, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Keywords

    Institutional economics; Political economy; Comparative economic system; Comparative political system; World Governance Index (WGI).;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ6:v:4:y:2017:i:2:p:110-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.