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Institutions and Economic Development
This collection carefully selects some of the most influential papers focusing on the relationship between economic and political institutions and economic development. Economic institutions shape economic incentives, such the incentives to become educated, to save and invest, to innovate and to adopt new technologies. Although economic institutions are critical for determining whether a country is poor or prosperous, it is politics and political institutions that determine which economic institutions are present in a country. This collection explores these critical relationships and the causes of economic growth, whilst bringing forth the legal, colonial and financial factors, which contribute, to economic discrepancies across countries. Prefaced by an authoritative introduction by the editor, this collection promises to be a valuable tool for economic researchers and scholars interested in this important subject.
More Information
Contributors
Contents
More Information
This collection carefully selects some of the most influential papers focusing on the relationship between economic and political institutions and economic development. Economic institutions shape economic incentives, such the incentives to become educated, to save and invest, to innovate and to adopt new technologies. Although economic institutions are critical for determining whether a country is poor or prosperous, it is politics and political institutions that determine which economic institutions are present in a country. This collection explores these critical relationships and the causes of economic growth, whilst bringing forth the legal, colonial and financial factors, which contribute, to economic discrepancies across countries. Prefaced by an authoritative introduction by the editor, this collection promises to be a valuable tool for economic researchers and scholars interested in this important subject.
Contributors
45 articles, dating from 1995 to 2019
Contributors include: D. Acemoglu, S. Djankov, W. Easterly, E. Glaeser, S. Johnson, R. Levine, R.L. Porta, D. Rodrik, J.A. Robinson, A. Shleifer
Contributors include: D. Acemoglu, S. Djankov, W. Easterly, E. Glaeser, S. Johnson, R. Levine, R.L. Porta, D. Rodrik, J.A. Robinson, A. Shleifer
Contents
Contents
Volume I
Acknowledgements vii
Introduction Jakob de Haan ix
1. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’, Journal
of Political Economy, 113 (5), October, 949–95 1
2. Daron Acemoglu, Simon Johnson and James A. Robinson (2001), ‘The Colonial
Origins of Comparative Development: An Empirical Investigation’, American
Economic Review, 91 (5), December, 1369–401 48
3. Daron Acemoglu, Simon Johnson and James A. Robinson (2002), ‘Reversal of
Fortune: Geography and Institutions in the Making of the Modern World Income
Distribution’, Quarterly Journal of Economics, 117 (4), November, 1231–94 81
4. Daron Acemoglu, Simon Johnson and James A. Robinson (2005), ‘Institutions as
a Fundamental Cause of Long-Run Growth’, in Philippe Aghion and Steven N.
Durlauf (eds) Handbook of Economic Growth, Chapter 6, Volume 1, Part A,
Amsterdam, the Netherlands: Elsevier, 385–472 145
5. Daron Acemoglu, Simon Johnson and James Robinson (2005), ‘The Rise of
Europe: Atlantic Trade, Institutional Change, and Economic Growth’, American
Economic Review, 95 (3), June, 546–79 233
6. Daron Acemoglu, Simon Johnson and James A. Robinson (2012) ‘The Colonial
Origins of Comparative Development: An Empirical Investigation: Reply’,
American Economic Review, 102 (6), October, 3077–110 267
7. Daron Acemoglu, Suresh Naidu, Pascual Restrepo and James A. Robinson
(2019), ‘Democracy Does Cause Growth’, Journal of Political Economy, 127
(1), January, 47–100 301
8. Raphael A. Auer (2013), ‘Geography, Institutions, and the Making of
Comparative Development’, Journal of Economic Growth, 18 (2), January,
179–215 355
9. Robert J. Barro (1996), ‘Democracy and Growth’, Journal of Economic Growth,
1 (1), March, 1–27 392
10. Sjoerd Beugelsdijk (2006), ‘A Note on the Theory and Measurement of Trust in
Explaining Differences in Economic Growth’, Cambridge Journal of Economics,
30 (3), May, 371–87 419
11. Christian Bjørnskov and Pierre-Guillaume Méon (2013), ‘Is Trust the Missing
Root of Institutions, Education, and Development?’, Public Choice, 157 (3–4),
December, 641–69 436
12. Maarten Bosker and Harry Garretsen (2009), ‘Economic Development and the
Geography of Institutions’, Journal of Economic Geography, 9 (3), May,
295–328 465
13. Kai Carstensen and Erich Gundlach (2006), ‘The Primacy of Institutions
Reconsidered: Direct Income Effects of Malaria Prevalence’, World Bank
Economic Review , 20 (3), January, 309–39 499
14. Stijn Claessens and Luc Laeven (2003), ‘Financial Development, Property
Rights, and Growth’, Journal of Finance , 58 (6), December, 2401–36 530
15. Christopher Clague, Philip Keefer, Stephen Knack and Mancur Olson (1996),
‘Property and Contract Rights in Autocracies and Democracies’, Journal of
Economic Growth , 1 (2), June, 243–76 566
16. Jakob De Haan, Susanna Lundström and Jan-Egbert Sturm (2006), ‘Market-
Oriented Institutions and Policies and Economic Growth: A Critical Survey’,
Journal of Economic Surveys , 20 (2), March, 157–91 600
17. Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes
and Andrei Shleifer (2003), ‘The New Comparative Economics’, Journal of
Comparative Economics , 31 (4), December, 595–619 635
18. Hristos Doucouliagos and Mehmet Ali Ulubaşoğlu (2008), ‘Democracy and
Economic Growth: A Meta-Analysis’, American Journal of Political Science , 52
(1), January, 61–83 660
19. David Dollar and Aart Kraay (2003), ‘Institutions, Trade, and Growth’, Journal
of Monetary Economics , 50 (1), January, 133–62 683
20. William Easterly and Ross Levine (2003), ‘Tropics, Germs, and Crops: How
Endowments Influence Economic Development’, Journal of Monetary
Economics , 50 (1), January, 3–39 713
Volume II
Acknowledgements vii
Introduction An introduction to both volumes by the editor appears in Volume I
1. William Easterly and Ross Levine (2016), ‘The European Origins of Economic
Development’, Journal of Economic Growth, 21 (3), September, 225–57 1
2. Stanley L. Engerman and Kenneth L. Sokoloff (1997), ‘Factor Endowments,
Institutions, and Differential Paths of Growth Among New World Economies’,
in Stephen Haber (ed.), How Latin America Fell Behind, Stanford, CA: Stanford
University Press, 260–304 34
3. Theo S. Eicher and Andreas Leukert (2009), ‘Institutions and Economic
Performance: Endogeneity and Parameter Heterogeneity’, Journal of Money,
Credit and Banking, 41 (1), February, 197–219 79
4. Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei
Shleifer (2004), ‘Do Institutions Cause Growth?’, Journal of Economic Growth,
9 (3), September, 271–303 102
5. Erich Gundlach and Martin Paldam (2009), ‘A Farewell to Critical Junctures:
Sorting out Long-Run Causality of Income and Democracy’, European Journal
of Political Economy, 25 (3), September, 340–54 135
6. James D. Gwartney, Robert A. Lawson and Randall G. Holcombe (1999),
‘Economic Freedom and the Environment for Economic Growth’, Journal of
Institutional and Theoretical Economics, 155 (4), December, 643–63 150
7. Robert E. Hall and Charles I. Jones (1999), ‘Why Do Some Countries Produce
So Much More Output Per Worker Than Others?’, Quarterly Journal of
Economics, 114 (1), February, 83–116 171
8. Jonathan K. Hanson (2013), ‘Growth Paradigms and Congruent Institutions:
Estimating Context-Varying Effects of Political Institutions on Economic
Performance’, Political Science Research and Methods, 1 (2), December,
239–62 205
9. Ricardo Hausmann, Lant Pritchett and Dani Rodrik (2005), ‘Growth
Accelerations’, Journal of Economic Growth, 10 (4), December, 303–29 229
10. Staff of the International Monetary Fund (2003), ‘Growth and Institutions’, in
(eds) World Economic Outlook, Chapter III, Washington, DC, United States:
International Monetary Fund, 95–128 256
11. Richard Jong-A-Pin and Jakob De Haan (2011), ‘Political Regime Change,
Economic Liberalization and Growth Accelerations’, Public Choice, 146 (1–2),
January, 93–115 290
12. Stephen Knack and Philip Keefer (1995), ‘Institutions and Economic
Performance: Cross-Country Tests Using Alternative Institutional Measures’,
Economics and Politics, 7 (3), November, 207–27 313
13. Carl Henrik Knutsen (2012), ‘Democracy and Economic Growth: A Survey of
Arguments and Results’, International Area Studies Review , 15 (4), December,
393–415 334
14. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W.
Vishny (1998), ‘Law and Finance’, Journal of Political Economy, 106 (6),
December, 1113–55 357
15. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny
(1999), ‘The Quality of Government’, Journal of Law, Economics, and
Organisation , 15 (1), March, 222–79 400
16. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2008), ‘The
Economic Consequences of Legal Origins’, Journal of Economic Literature , 46
(2), June, 285–332 458
17. Robbert Maseland (2013), ‘Parasitical Cultures? The Cultural Origins of
Institutions and Development’, Journal of Economic Growth , 18 (2), April,
109–36 506
18. Mancur Olson Jr., Naveen Sarna and Anand V. Swamy (2000), ‘Governance and
Growth: A Simple Hypothesis Explaining Cross-Country Differences in
Productivity Growth’, Public Choice , 102 (3–4), March, 341–64 534
19. Torsten Persson and Guido Tabellini (2009), ‘Democratic Capital: The Nexus of
Political and Economic Change’, American Economic Journal: Macroeconomics ,
1 (2), July, 88–126 558
20. Dani Rodrik (1999), ‘Where Did All the Growth Go? External Shocks, Social
Conflict, and Growth Collapses’, Journal of Economic Growth , 4 (4), December,
385–412 597
21. Dani Rodrik (2000), ‘Institutions for High-Quality Growth: What They Are and
How to Acquire Them’, Studies in Comparative International Development , 35
(3), September, 3–31 625
22. Dani Rodrik, Arvind Subramanian and Francesco Trebbi (2004), ‘Institutions
Rule: The Primacy of Institutions Over Geography and Integration in Economic
Development’, Journal of Economic Growth , 9 (2), June, 131–65 654
23. Jeffrey D. Sachs (2003), ‘Institutions Don’t Rule: Direct Effects of Geography
on Per Capita Income’, NBER Working Paper No. 9490 , February, 1–12 689
24. Rok Spruk (2016), ‘Institutional Transformation and the Origins of World
Income Distribution’, Journal of Comparative Economics , 44 (4), November,
936–60 701
25. Guido Tabellini (2010), ‘Culture and Institutions: Economic Development in the
Regions of Europe’, Journal of the European Economic Association , 8 (4), June,
677–716 726
Index
Volume I
Acknowledgements vii
Introduction Jakob de Haan ix
1. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’, Journal
of Political Economy, 113 (5), October, 949–95 1
2. Daron Acemoglu, Simon Johnson and James A. Robinson (2001), ‘The Colonial
Origins of Comparative Development: An Empirical Investigation’, American
Economic Review, 91 (5), December, 1369–401 48
3. Daron Acemoglu, Simon Johnson and James A. Robinson (2002), ‘Reversal of
Fortune: Geography and Institutions in the Making of the Modern World Income
Distribution’, Quarterly Journal of Economics, 117 (4), November, 1231–94 81
4. Daron Acemoglu, Simon Johnson and James A. Robinson (2005), ‘Institutions as
a Fundamental Cause of Long-Run Growth’, in Philippe Aghion and Steven N.
Durlauf (eds) Handbook of Economic Growth, Chapter 6, Volume 1, Part A,
Amsterdam, the Netherlands: Elsevier, 385–472 145
5. Daron Acemoglu, Simon Johnson and James Robinson (2005), ‘The Rise of
Europe: Atlantic Trade, Institutional Change, and Economic Growth’, American
Economic Review, 95 (3), June, 546–79 233
6. Daron Acemoglu, Simon Johnson and James A. Robinson (2012) ‘The Colonial
Origins of Comparative Development: An Empirical Investigation: Reply’,
American Economic Review, 102 (6), October, 3077–110 267
7. Daron Acemoglu, Suresh Naidu, Pascual Restrepo and James A. Robinson
(2019), ‘Democracy Does Cause Growth’, Journal of Political Economy, 127
(1), January, 47–100 301
8. Raphael A. Auer (2013), ‘Geography, Institutions, and the Making of
Comparative Development’, Journal of Economic Growth, 18 (2), January,
179–215 355
9. Robert J. Barro (1996), ‘Democracy and Growth’, Journal of Economic Growth,
1 (1), March, 1–27 392
10. Sjoerd Beugelsdijk (2006), ‘A Note on the Theory and Measurement of Trust in
Explaining Differences in Economic Growth’, Cambridge Journal of Economics,
30 (3), May, 371–87 419
11. Christian Bjørnskov and Pierre-Guillaume Méon (2013), ‘Is Trust the Missing
Root of Institutions, Education, and Development?’, Public Choice, 157 (3–4),
December, 641–69 436
12. Maarten Bosker and Harry Garretsen (2009), ‘Economic Development and the
Geography of Institutions’, Journal of Economic Geography, 9 (3), May,
295–328 465
13. Kai Carstensen and Erich Gundlach (2006), ‘The Primacy of Institutions
Reconsidered: Direct Income Effects of Malaria Prevalence’, World Bank
Economic Review , 20 (3), January, 309–39 499
14. Stijn Claessens and Luc Laeven (2003), ‘Financial Development, Property
Rights, and Growth’, Journal of Finance , 58 (6), December, 2401–36 530
15. Christopher Clague, Philip Keefer, Stephen Knack and Mancur Olson (1996),
‘Property and Contract Rights in Autocracies and Democracies’, Journal of
Economic Growth , 1 (2), June, 243–76 566
16. Jakob De Haan, Susanna Lundström and Jan-Egbert Sturm (2006), ‘Market-
Oriented Institutions and Policies and Economic Growth: A Critical Survey’,
Journal of Economic Surveys , 20 (2), March, 157–91 600
17. Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes
and Andrei Shleifer (2003), ‘The New Comparative Economics’, Journal of
Comparative Economics , 31 (4), December, 595–619 635
18. Hristos Doucouliagos and Mehmet Ali Ulubaşoğlu (2008), ‘Democracy and
Economic Growth: A Meta-Analysis’, American Journal of Political Science , 52
(1), January, 61–83 660
19. David Dollar and Aart Kraay (2003), ‘Institutions, Trade, and Growth’, Journal
of Monetary Economics , 50 (1), January, 133–62 683
20. William Easterly and Ross Levine (2003), ‘Tropics, Germs, and Crops: How
Endowments Influence Economic Development’, Journal of Monetary
Economics , 50 (1), January, 3–39 713
Volume II
Acknowledgements vii
Introduction An introduction to both volumes by the editor appears in Volume I
1. William Easterly and Ross Levine (2016), ‘The European Origins of Economic
Development’, Journal of Economic Growth, 21 (3), September, 225–57 1
2. Stanley L. Engerman and Kenneth L. Sokoloff (1997), ‘Factor Endowments,
Institutions, and Differential Paths of Growth Among New World Economies’,
in Stephen Haber (ed.), How Latin America Fell Behind, Stanford, CA: Stanford
University Press, 260–304 34
3. Theo S. Eicher and Andreas Leukert (2009), ‘Institutions and Economic
Performance: Endogeneity and Parameter Heterogeneity’, Journal of Money,
Credit and Banking, 41 (1), February, 197–219 79
4. Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei
Shleifer (2004), ‘Do Institutions Cause Growth?’, Journal of Economic Growth,
9 (3), September, 271–303 102
5. Erich Gundlach and Martin Paldam (2009), ‘A Farewell to Critical Junctures:
Sorting out Long-Run Causality of Income and Democracy’, European Journal
of Political Economy, 25 (3), September, 340–54 135
6. James D. Gwartney, Robert A. Lawson and Randall G. Holcombe (1999),
‘Economic Freedom and the Environment for Economic Growth’, Journal of
Institutional and Theoretical Economics, 155 (4), December, 643–63 150
7. Robert E. Hall and Charles I. Jones (1999), ‘Why Do Some Countries Produce
So Much More Output Per Worker Than Others?’, Quarterly Journal of
Economics, 114 (1), February, 83–116 171
8. Jonathan K. Hanson (2013), ‘Growth Paradigms and Congruent Institutions:
Estimating Context-Varying Effects of Political Institutions on Economic
Performance’, Political Science Research and Methods, 1 (2), December,
239–62 205
9. Ricardo Hausmann, Lant Pritchett and Dani Rodrik (2005), ‘Growth
Accelerations’, Journal of Economic Growth, 10 (4), December, 303–29 229
10. Staff of the International Monetary Fund (2003), ‘Growth and Institutions’, in
(eds) World Economic Outlook, Chapter III, Washington, DC, United States:
International Monetary Fund, 95–128 256
11. Richard Jong-A-Pin and Jakob De Haan (2011), ‘Political Regime Change,
Economic Liberalization and Growth Accelerations’, Public Choice, 146 (1–2),
January, 93–115 290
12. Stephen Knack and Philip Keefer (1995), ‘Institutions and Economic
Performance: Cross-Country Tests Using Alternative Institutional Measures’,
Economics and Politics, 7 (3), November, 207–27 313
13. Carl Henrik Knutsen (2012), ‘Democracy and Economic Growth: A Survey of
Arguments and Results’, International Area Studies Review , 15 (4), December,
393–415 334
14. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W.
Vishny (1998), ‘Law and Finance’, Journal of Political Economy, 106 (6),
December, 1113–55 357
15. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny
(1999), ‘The Quality of Government’, Journal of Law, Economics, and
Organisation , 15 (1), March, 222–79 400
16. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2008), ‘The
Economic Consequences of Legal Origins’, Journal of Economic Literature , 46
(2), June, 285–332 458
17. Robbert Maseland (2013), ‘Parasitical Cultures? The Cultural Origins of
Institutions and Development’, Journal of Economic Growth , 18 (2), April,
109–36 506
18. Mancur Olson Jr., Naveen Sarna and Anand V. Swamy (2000), ‘Governance and
Growth: A Simple Hypothesis Explaining Cross-Country Differences in
Productivity Growth’, Public Choice , 102 (3–4), March, 341–64 534
19. Torsten Persson and Guido Tabellini (2009), ‘Democratic Capital: The Nexus of
Political and Economic Change’, American Economic Journal: Macroeconomics ,
1 (2), July, 88–126 558
20. Dani Rodrik (1999), ‘Where Did All the Growth Go? External Shocks, Social
Conflict, and Growth Collapses’, Journal of Economic Growth , 4 (4), December,
385–412 597
21. Dani Rodrik (2000), ‘Institutions for High-Quality Growth: What They Are and
How to Acquire Them’, Studies in Comparative International Development , 35
(3), September, 3–31 625
22. Dani Rodrik, Arvind Subramanian and Francesco Trebbi (2004), ‘Institutions
Rule: The Primacy of Institutions Over Geography and Integration in Economic
Development’, Journal of Economic Growth , 9 (2), June, 131–65 654
23. Jeffrey D. Sachs (2003), ‘Institutions Don’t Rule: Direct Effects of Geography
on Per Capita Income’, NBER Working Paper No. 9490 , February, 1–12 689
24. Rok Spruk (2016), ‘Institutional Transformation and the Origins of World
Income Distribution’, Journal of Comparative Economics , 44 (4), November,
936–60 701
25. Guido Tabellini (2010), ‘Culture and Institutions: Economic Development in the
Regions of Europe’, Journal of the European Economic Association , 8 (4), June,
677–716 726
Index
