Institution, Institutional Change, and Economic Growth

Shaoan Huang ()
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Shaoan Huang: Shandong University

Chapter Chapter 4 in Developing Property Rights Theory, 2023, pp 75-118 from Springer

Abstract: Abstract The role of institutions in influencing economic growth has been increasingly recognized. Two countries with identical natural resources and cultural backgrounds, such as the post-WWII Germany Democratic Republic and the Federal Republic of Germany, would achieve different growth performances due to different institutions. Countries with good institutions enjoy sustained growth and wealth accumulation, while those unfortunate enough to have bad institutions cannot extricate themselves from poverty and famine.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-0883-7_4

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DOI: 10.1007/978-981-99-0883-7_4

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