Institutions and economic performance: the use and abuse of culture in new institutional economics / Steven Heydemann. - In: Studies in Comparative International Development 43 (Spring 2008) 1. - S. 27-52

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, much of the blame has been assigned to political issues. This paper empirically tests for a causal and negative long-run relationship between political...