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The Causes of Economic Growth: Institutions

In: The Causes of Economic Growth

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  • Rick Szostak

    (University of Alberta)

Abstract

Our analysis in chapter 2 guides us to ask a series of questions. We must first address the inter-related questions of whether (and how) institutions encourage growth, and which sorts of functions it is most necessary for institutions to perform. The latter question has a more particular facet: can we identify superior institutional forms for various institutional functions? Special attention will be paid of course to the relationship between institutions and investment and technology. Since we will find evidence that institutions are indeed important, the next major question is how to encourage beneficial types of institutional change. Part of the answer here is institutional itself: certain political institutions may facilitate the adoption of certain economic institutions.

Suggested Citation

  • Rick Szostak, 2009. "The Causes of Economic Growth: Institutions," Springer Books, in: The Causes of Economic Growth, chapter 7, pages 191-232, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-92282-7_7
    DOI: 10.1007/978-3-540-92282-7_7
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