institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the …Interactions between economic development and financial development are studied by looking at the roles of financial … evolution of the financing regimes. The effectiveness of R&D selection mechanisms depends on the institutions and the …

employment. This Paper uses a simple model of economic development and structural change with technology spillovers to benchmark …

returns to human capital can be decisive in determining the outcome. The model provides a basis for distinguishing development …

This Paper asks the question of the impact of institutions on trade and tries to estimate the potential for trade … destruction effect. Furthermore, institutions matter, and the convergence of institutional variables towards the EU standards …

completely after we control for aggregate measures of economic development and quality of institutions. Informal institutions …

theme of the new research is that institutions exert a profound influence on economic development. We argue that, to … understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of … dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial …