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Institutional prerequisites for the current economic growth

Vladimir Mau (), Konstantin Yanovskiy and Sergey Zhavoronkov

Research Paper Series, 2007, issue 106P

Abstract: This work gives a review of the history of how a number of institutions emerged in developed countries. The authors attempt to analyse a connection between this process and the current economic growth phenomenon. The authors believe that stremgthenning guarantees of personal immunity provided for private property immunity and development of such a mechanism of decision making, which on a certain stage weakened the repressive powers of the state making it an instrument for protecting property rights and not the main proprietor and entrepreneur.

Keywords: Institutional prerequisites; economic growth (search for similar items in EconPapers)
JEL-codes: D72 D74 H56 (search for similar items in EconPapers)
Date: 2007
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