Making Sense of Institutions as a Factor Shaping Economic Performance (Spanish Version)

Revista de Economía Institucional, Vol. 3, No. 5, Second Semester 2001

37 Pages Posted: 11 Aug 2006

See all articles by Richard R. Nelson

Richard R. Nelson

Columbia University - School of International & Public Affairs (SIPA)

Bhaven N. Sampat

Columbia University - Mailman School of Public Health

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.

Note: Downloadable document is in Spainish.

Keywords: institutions, economic growth, rutines, social technologies, physical technologies

JEL Classification: B30, B41, K00, L10, O10

Suggested Citation

Nelson, Richard R. and Sampat, Bhaven N., Making Sense of Institutions as a Factor Shaping Economic Performance (Spanish Version). Revista de Economía Institucional, Vol. 3, No. 5, Second Semester 2001. Available at SSRN: https://ssrn.com/abstract=923637

Richard R. Nelson (Contact Author)

Columbia University - School of International & Public Affairs (SIPA) ( email )

420 West 118th Street
New York, NY 10027
United States

Bhaven N. Sampat

Columbia University - Mailman School of Public Health ( email )

600 West 168th St. 6th Floor
New York, NY 10032
United States

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