Institutions, Economics and the Development Quest

Duarte Semedo Leite, Sandra Silva () and Oscar Afonso

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: Institutions, crucial for the analysis of how agents deal with uncertainty, have been gaining increasing relevance on the Economic research agenda. In this paper, we analyze the institutional literature that provides insights into different research fields, aiming to explain why this perspective obtains better results than others, in the field of growth and Development Economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

Keywords: Institutions; Institutional change, Economic development (search for similar items in EconPapers)
JEL-codes: B52 D23 O1 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-04
New Economics Papers: this item is included in nep-dev and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: INSTITUTIONS, ECONOMICS AND THE DEVELOPMENT QUEST (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:457

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