Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

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...

The paper is motivated by an interest in how clusters come into being and why they emerge in particular locations. The literature includes two main views on this topic. A first view underlines that new clusters often start out in a particular location more or less by chance, often because some...