The New Comparative Economics

Simeon Djankov (), Edward L Glaeser, Florencio Lopez-de-Silanes () and Andrei Shleifer

No 3882, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

Keywords: colonial transplantations; comparative economics; institutions; transition (search for similar items in EconPapers)
JEL-codes: P00 P10 P20 P50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe and nep-tra
Date: Written
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Related works:
Working Paper: The new comparative economics (2003)
Working Paper: The New Comparative Economics (2003)
Working Paper: The New Comparative Economics (2003)
Working Paper: The New Comparative Economics (2003)
Journal Article: The new comparative economics (2003)
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