Working Paper #2013-070
Institutions and economic growth: Summary and synthesis
This paper provides a review and synthesis of the findings of the second
phase of a research project on institutions and long-run economic
performance. It discusses research findings in five areas, namely (1)
the relationship between institutional characteristics and the duration
of economic slumps; (2) the relative importance for growth of
institutions, trade openness and geography; (3) the determinants and
consequences of state capacities; (4) the interactions between
institutions, foreign direct investment and domestic investment; and (5)
the relative contributions of growth and inequality to poverty
reduction. The paper concludes with recommendations for future research
in the field of institutions and economic development.
- Keywords
-
- Institutions
- Economic Growth
- State Capacity
- FDI
- Poverty
- JEL codes
-
- E02
- O43
- B52
- O10
Cite this as
APA 7th ed.Szirmai, A. (2013). Institutions and economic growth: Summary and synthesis (UNU-MERIT Working Paper No. 2013-070). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=5336