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, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for …
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Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture … facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are … and culture that account for their coevolution process. Otherwise, imported growth (i.e., incoming capital flows or …
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So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
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