Why growth rates differ

Vladimir Popov

Chapter 3 in Mapping a New World Order, 2017, pp 38-52 from Edward Elgar Publishing

Abstract: Many agree that the crucial factor of economic growth is institutions in the long term, but there is less agreement on what determines institutional strength. The chapter uses objective measures of the institutional capacity (shadow economy and murder rate) to trace the trajectories of institutional developments in the Global South and discusses hypotheses to explain these trajectories.

Keywords: Development Studies; Economics and Finance; Geography; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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