INSTITUTIONS, ECONOMICS AND THE DEVELOPMENT QUEST

Duarte Semedo Leite, Sandra T. Silva and Oscar Afonso

Journal of Economic Surveys, 2014, vol. 28, issue 3, 491-515

Abstract: Institutions crucial for the analysis of how agents deal with uncertainty have been gaining increasing relevance on the economic research agenda. In this paper, we analyze the institutional literature aiming to explain why this perspective obtains better results than others in development economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

Date: 2014
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Working Paper: Institutions, Economics and the Development Quest (2012)
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