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Technologies, Institutions, development and growth

Louis Corriveau

Structural Change and Economic Dynamics, 2021, vol. 57, issue C, 159-164

Abstract: I expound a model of technological progress, institutional development and growth in the aggregate. I show the model implies that long-run growth depends upon the evolution of institutions; that fixed institutions do not cause growth in the long-run; that fixed institutions can only cause growth in the short-run; and that institutions that inhibit growth are institutions that are not capable of evolution.

Keywords: Technology; institutions; growth; development (search for similar items in EconPapers)
JEL-codes: E10 O41 O43 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/j.strueco.2021.03.005

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