The Institutional Foundation of Economic Development

The Institutional Foundation of Economic Development PDF Author: Shiping Tang
Publisher: Princeton University Press
ISBN: 0691235570
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.

The Institutional Foundation of Economic Development

The Institutional Foundation of Economic Development PDF Author: Shiping Tang
Publisher: Princeton University Press
ISBN: 0691235570
Category : Business & Economics
Languages : en
Pages : 328

Get Book

Book Description
A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.

Market-augmenting Government

Market-augmenting Government PDF Author: Omar Azfar
Publisher: University of Michigan Press
ISBN: 9780472068173
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
Shows how governments and markets are complementary rather than opposing forces

What Do Institutions Do Exactly?

What Do Institutions Do Exactly? PDF Author: Shiping Tang
Publisher:
ISBN: 9789810557898
Category : Institutional economics
Languages : en
Pages : 25

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Book Description


Institutions, Transition Economies, And Economic Development

Institutions, Transition Economies, And Economic Development PDF Author: Tim Yeager
Publisher: Routledge
ISBN: 0429968310
Category : Political Science
Languages : en
Pages : 184

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Book Description
Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

The Institutional Foundations of a Market Economy

The Institutional Foundations of a Market Economy PDF Author: Gudrun Kochendörfer-Lucius
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 292

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Book Description


Institutions and Development

Institutions and Development PDF Author: M. M. Shirley
Publisher: Edward Elgar Publishing
ISBN: 1848443994
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.

The Handbook of Economic Development and Institutions

The Handbook of Economic Development and Institutions PDF Author: Jean-Marie Baland
Publisher: Princeton University Press
ISBN: 0691192014
Category : Business & Economics
Languages : en
Pages : 786

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Book Description
The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Institutions, Transition Economies, and Economic Development

Institutions, Transition Economies, and Economic Development PDF Author: Timothy J. Yeager
Publisher:
ISBN: 9780813335735
Category : Business & Economics
Languages : en
Pages : 166

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Book Description
Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager’s Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Institutional Change and Economic Development

Institutional Change and Economic Development PDF Author: Ha-Joon Chang
Publisher: Anthem Press
ISBN: 0857286978
Category : Business & Economics
Languages : en
Pages : 327

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Book Description
‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.

Understanding The Process Of Economic Change

Understanding The Process Of Economic Change PDF Author: Douglass C. North
Publisher: Academic Foundation
ISBN: 9788171885282
Category : Economics
Languages : en
Pages : 212

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Book Description