Institutions, Economics and the Development Quest
Duarte Semedo Leite (),
Sandra Silva () and
Óscar Afonso ()
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Óscar Afonso: CEF-UP (Center for Economics and Finance at UP), FEP (Faculdade de Economia da Universidade do Porto
FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto
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 that provides insights into different research fields, aiming to explain why this perspective obtains better results than others, in the field of growth and Development Economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.
Keywords: Institutions; Institutional change, Economic development (search for similar items in EconPapers)
JEL-codes: B52 O1 D23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-his
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Journal Article: INSTITUTIONS, ECONOMICS AND THE DEVELOPMENT QUEST (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:457
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