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Las instituciones como factor que regula el desempeño económico

Author

Listed:
  • Richard R. Nelson

    (Columbia University)

  • Bhaven N. Sampat

    (Columbya University)

Abstract

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.

Suggested Citation

  • Richard R. Nelson & Bhaven N. Sampat, 2001. "Las instituciones como factor que regula el desempeño económico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(5), pages 17-51, July-Dece.
    • Handle: RePEc:rei:ecoins:v:3:y:2001:i:5:p:17-51
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/rnelson5.pdf
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    References listed on IDEAS

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    2. Richard Langlois, 1995. "Do firms plan?," Constitutional Political Economy, Springer, vol. 6(3), pages 247-261, October.
    3. Greif, Avner, 1998. "Historical and Comparative Institutional Analysis," American Economic Review, American Economic Association, vol. 88(2), pages 80-84, May.
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    7. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
    8. Langlois,Richard, 1989. "Economics as a Process," Cambridge Books, Cambridge University Press, number 9780521378598, September.
    9. Richard N. Langlois, 2000. "Knowledge, Consumption, and Endogenous Growth," Working papers 2000-02, University of Connecticut, Department of Economics.
    10. Martin Shubik, 1975. "The General Equilibrium Model Is Incomplete And Not Adequate For The Reconciliation Of Micro And Macroeconomic Theory," Kyklos, Wiley Blackwell, vol. 28(3), pages 545-573, August.
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    Cited by:

    1. Mario Andrés Pinzón, 2016. "Prácticas para mejorar la regulación en Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 207-228, July-Dece.
    2. Reale, Filippo, 2019. "Governing innovation systems: A Parsonian social systems perspective," Technology in Society, Elsevier, vol. 59(C).

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    More about this item

    Keywords

    institutions; economic growth; rutines; social technologies; physical technologies;
    All these keywords.

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic 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, Innovation, Technological Change, and Growth - - Economic Development - - - General

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