New reading list: Market institutions and economic growth

Countries need appropriate institutions to sustain and consolidate the move to market-led growth. But which specific institutions will contribute to economic growth? What are the channels through which these institutions positively influence economic development?The empirical literature on economic growth has developed substantially over the past two decades, drawing on larger and richer databases and utilizing better econometric tools to explain how institutions relate to cross-country differences in growth performance. This reading list highlights some of this research and focuses on the concepts of New Institutional Economics, the link between pro-market institutions and growth, the effects of governance on economic development, and the relationship between democracy and growth.http://rru.worldbank.org/PapersLinks/Institutions-and-Growth/

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s