On Economic Growth and Development

Enrico Colombatto ()
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Enrico Colombatto: Facoltà di Economia, Università di Torino

No 38, CAE Working Papers from Aix-Marseille Université, CERGAM

Abstract: The paper offers a subjectivist approach to economic growth and an institutional view of development. In particular, the term development regards the prevailing rules of the game and their effects on the key variables for economic activity to take off: property rights and productive entrepreneurship. And growth is deemed to be the result of favourable institutional environments where chances are exploited and individuals succeed in improving their living conditions. Methodological and normative investifation questions the validity of the recent and increasing literature on institution design, where institution economics actually plays only a modest role.

Keywords: Growth; Development; Institutional economics (search for similar items in EconPapers)
JEL-codes: B53 O10 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006
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Citations: View citations in EconPapers (3)

Published in Review of Austrian Economics, vol. 19, pages 243-260.

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Persistent link: https://EconPapers.repec.org/RePEc:cgm:wpaper:38

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