Institutions and Economic Development: A Conceptual Framework (Spanish)
Universidad San Pablo CEU - Economics Department
Revista de Economía Institucional
Universidad Externado de Colombia
June 30, 2009
Revista de Economía Institucional, Vol. 11, No. 20, pp. 355-373, 2009
In recent years, there has been a plethora of econometric literature on the determinants of growth. However, the lack of a theory that integrates economic, political and cultural factors does not allow an adequate interpretation of these new results. This article proposes a conceptual framework that can facilitate the interpretation of these econometric results, reach some conclusions about political and economic institutions that favour development and the political problems that arise when modifications of the former are proposed.
Number of Pages in PDF File: 19
Keywords: institutions, economic development, political economy of development
JEL Classification: H10, N10, O10Accepted Paper Series
Date posted: September 24, 2009
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