Institutions, Firms and Economic Growth

Jane Frances ()
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Jane Frances: New Zealand Treasury

No 04/19, Treasury Working Paper Series from New Zealand Treasury

Abstract: This paper reviews the literature on institutions and explores the ways in which institutions can influence economic growth, with a particular focus on how institutions affect the use that firms make of human capital to improve their productivity. It discusses the influence of underlying institutions, such as law and order and secure property rights, on the general environment within which the economic activities of production and exchange takes place. It also explores the influence of activity-specific institutions, such as labour market institutions, on firm decisions about resource use and innovation and through these on economic activity and economic growth.

Keywords: institutions; human capital; regulation; norms; firms; economic growth; New Zealand (search for similar items in EconPapers)
JEL-codes: D00 D20 J24 K00 L51 O40 P00 Z13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-dev, nep-law, nep-pke and nep-soc
Date: 2004-09
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Persistent link: http://EconPapers.repec.org/RePEc:nzt:nztwps:04/19

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