Institutions, social capability, and economic growth

Louis Putterman

Economic Systems, 2013, vol. 37, issue 3, 345-353

Abstract: I discuss correlations between the historical growth of social capabilities and patterns of economic growth across world regions since the industrial revolution and especially in recent decades. Based on this analysis, I argue that the apparent relationship between institutions and economic growth results in part because better institutional performance goes hand in hand with more advanced social capabilities.

Keywords: Social capability; Institutions; Economic growth; Comparative development; Economy of China (search for similar items in EconPapers)
JEL-codes: N90 O40 P50 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:37:y:2013:i:3:p:345-353

DOI: 10.1016/j.ecosys.2012.12.002

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