New Institutions and Economic Liberalisation

Abstract: We discuss how the organization of society, the complexity of the economy, and its level of technological development influence the relationship between the institutions of democracy and economic growth; why the foundation of democracy and market institutions at the same time, in a society without a relevant historical background, remains problematical; and whether enforcement of the institutions of democracy is helpful for stabilization and further sustainability of growth.

Keywords: institutions; democracy; liberalisation; macroeconomic; policy (search for similar items in EconPapers)
JEL-codes: E0 P0 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe and nep-pke
Date: Written 2002-02-08
Note: Type of Document - PDF; prepared on IBM PC; to print on HP/PostScript/; pages: 21 ; figures: no figures. The paper in progress. All comments are welcome.

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