This article assesses the performance of the Economic and Social Council of Argentina (ESC-A) over its two years of activity (2021-22). Our analysis focuses on the implantation of this new forum in the hierarchical institutional framework of Argentina's economy and, following the notion of...

How does culture respond to institutional change? We study the collapse of the Holy Roman Empire (1789-1815), when half of Central Europe changed rulers. Using 44 million birth records from hundreds of cities between 1700 and 1850, we measure cultural traits in real time. Cities that experienced...

We propose a framework for institutional change in the 'rules-in-equilibrium' tradition and introduce the term institutional incompleteness. Institutions are incomplete when their constituent rules fail to induce behavioural beliefs about the strategies of others and hence fail to achieve an...

Understanding the consequences and recovery for countries hit by adverse national events such as political crises is central to understanding long-run development dynamics. Utilizing the Coleman boat framework, we develop a micro-foundation based theoretical framework grounded in public choice...

Based on the conviction that path dependence is a core theoretical element of political economy in general and institutional and evolutionary economics in particular, this short paper explains the theory of path dependence and clarifies its relation to concepts such as positive feedback or...

How does culture respond to institutional change? We study the collapse of the Holy Roman Empire (1789–1815), when half of Central Europe changed rulers. Using 44 million birth records from hundreds of cities between 1700 and 1850, we measure cultural traits in real time. Cities that...

Reform in the public sector treats organisations as equal under one law. This is despite large inequalities in practical, de facto, powers. I argue that these inequalities can distort meritocratic reforms. I collected and digitised individual-level data on thousands of entrants to the British...

There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to know how institutions change. This paper provides a...

We review an emerging experimental literature studying institutional change. Institutions are a key determinant of economic growth, but the "critical junctures" in which institutions can change are not precisely defined. For example, such junctures are often identified ex post, raising...

France sent five thousand men to fight alongside George Washington's army in the American Revolutionary War. We show that the French combatants' exposure to the United States of America increased support for the French Revolution a decade later. French regions (départements) from which more...

Understanding the consequences and recovery for countries hit by adverse national events such as political crises is central to understanding long-run development dynamics. Utilizing the Coleman boat framework, we develop a micro-foundation based theoretical framework grounded in public choice...

This study sought to problematize the institutional configurations of the solidarity economy policy implemented in Brazil between 2003 and 2016, focusing on the combination of instruments and resources used. The analysis unfolded in two dimensions: i) instrumental, focusing on the operational...

How does culture respond to institutional change? We study the collapse of the Holy Roman Empire (1789–1815), when half of Central Europe changed rulers. Using 44 million birth records from hundreds of cities between 1700 and 1850, we measure cultural traits in real time. Cities that...

Kazakhstan is a major emitter of greenhouse gases and also highly vulnerable to climate change. This highlights the urgent need for coordinated efforts in climate mitigation and adaptation. In 2022, Kazakhstan's emissions reached 353.0 million tons of CO2 equivalent, with per capita emissions...

The crucial importance of institutions for economic and social development has become part of the conventional wisdom in economics. In recent years, economists have become particularly interested in the potential role of informal institutions but measuring them remains a serious challenge. This...

We adopt the theory of institutional change to investigate whether institutional review is instrumental or ceremonial, focusing on the role of institutional policy in horizontally integrating the enterprise. We conduct a qualitative multiple case study, examining a case at a United States...