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The hallmark of the recent development and growth literature is a quest to identify institutions that explain a significant portion of the observed differences in living standards across countries. Empirical work in the area focuses almost exclusively on either the global sample or on developing...
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This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
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world regions since the industrial revolution and especially in recent decades. Based on this analysis, I argue that the …
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differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …
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