Institutions, Entrepreneurship and Channels to Sustained Economic Growth

28 Pages Posted: 11 Feb 2011

See all articles by Pak-Hung Mo

Pak-Hung Mo

Hong Kong Baptist University (HKBU)

Date Written: February 10, 2011


In this paper, we build a simple model to integrate the findings and/or hypotheses in the diverse literatures related to economic development and growth. They include the literature on institutions attributed to Douglas North (1990), on entrepreneurs, innovations and technical progress attributed to Schumpeter (1934) and on the driving factors of economic growth in various theoretical and empirical contributions. The effort results in a comprehensive theory that is flexible enough to understand broad strategic lessons from diverse growth experiences across country and time. It is also specific enough to reveal the factors, channels, mechanism and the key to sustained economic growth.

Keywords: Institution, Entrepreneurship, Tools Variety, Technology, Economic Growth

JEL Classification: O4

Suggested Citation

Mo, Pak-Hung, Institutions, Entrepreneurship and Channels to Sustained Economic Growth (February 10, 2011). Available at SSRN: or

Pak-Hung Mo (Contact Author)

Hong Kong Baptist University (HKBU) ( email )

Department of Economics
Kowloon, Hong Kong
Hong Kong

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