Institutions and Economic Performance
Institutions and Economic Performance
2012
Alise Vitola
Abstract
The aim of the current paper is to survey significant literature on the role of institutions in economic performance. A recent body of literature has argued that the institutions are the fundamental cause of differences in economic development. Section II outlines the debate on the role of state in economics. Section III describes the theoretical framework of institutions. Section IV illustrates the role of institutions in economic performance by quantitative proof. Section V concludes the article
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