The New Institutional Economics (NIE) has its early roots in Cliometrics. Cliometrics began with a focus on using neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political development within and across countries is limited,...

This paper reports on the convergence of Basic Needs Approach (BNA) and institutionalism in their views about technological development and the role of institutions. There exists a vast literature on BNA, including empirical works on almost all the least developed countries. However, despite its...

We hypothesize that cultural appreciation of hard work and thrift,the Protestant ethic according to Max Weber,had a pre-Reformation origin.The proximate source of these values was,according to the proposed theory,the Catholic Order of Cistercians.In support,we first document an impact from the...

The growth surge produced by East Asian newly industrialised nations since 1970s has been a central theme of research and debate amongst many social scientists and policy makers. From an “institutionalist” perspective, the idea of “development state” was theorised to explain this “East...

The Protestant Reformation is a vivid example of how religious transformation could set in motion institutional changes, leading to profound consequences for economic and political development. Although economists and other social scientists agree that there is a strong relation between the...

The main aim of this study is to analyze how institutional change, measured with a set of governance indicators, can reduce poverty and inequality in society that are essential prerequisites for supporting sustainable economic growth of nations. This study investigates 191 countries to explain...