Institutions, social capability, and economic growth

I discuss correlations between the historical growth of social capabilities and patterns of economic growth across world regions since the industrial revolution and especially in recent decades. Based on this analysis, I argue that the apparent relationship between institutions and economic growth results in part because better institutional performance goes hand in hand with more advanced social capabilities.

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Year of publication:	2013
Authors:	Putterman, Louis
Published in:	Economic Systems. - Institut für Ost- und Südosteuropaforschung (IOS), ISSN 0939-3625. - Vol. 37.2013, 3, p. 345-353
Publisher:	Institut für Ost- und Südosteuropaforschung (IOS)
Subject:	Social capability \| Institutions \| Economic growth \| Comparative development \| Economy of China

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Type of publication:	Article
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; P50 - Comparative Economic Systems. General ; N90 - Regional and Urban History. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

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