People's quality of life in specific places is affected by their territories' characteristics and local agents' actions and interactions, as well as their responses to external influences. Formal and informal institutions contribute to shape those actions, interactions and responses. Following...

The overall objective of this paper is to contribute conceptually to the questions why and how regions transform and it joins the debate on economic evolution and institutional change. The paper addresses the challenge of how to conceptualise the interdependencies of institutions of different...

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing...