INSTITUTIONS AND ECONOMIC PERFORMANCE

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Elhanan HELPMAN
Harvard University Press, Jun 30, 2009 - Business & Economics - 624 pages
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"Institutions and Economic Performance" explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity?

The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors' essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing?

"Institutions and Economic Performance" is unique in its melding of economics, political science, history, and sociology to address its central question.

  

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Contents

Introduction
1
The Impact of Administrative Power on Political and Economic Developments Toward a Political Economy of Implementation
17
The Institutional Origins of the Industrial Revolution
64
Institutions and the Resource Curse in Early Modern Spain
120
Slavery Inequality and Economic Development in the Americas An Examination of the EngermanSokoloff Hypothesis
148
Economic and Political Inequality in Development The Case of Cundinamarca Colombia
181
The Constitutional Choice of Bicameralism
249
Economic Development Insurgency and Civil War
292
Policy Persistence in Multiparty Parliamentary Democracies
361
Formalizing Informal Institutions Theory and Evidence from a Kenyan Slum
409
Making Autocracy Wor
452
Democracy Technology and Growth
511
The Growth Effect of Democracy Is It Heterogenous and How Can It Be Estimated?
544
List of Contributors
587
Author Index
589
Subject Index
597

Party Discipline and PorkBarrel Politics
329

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About the author (2009)

Elhanan Helpman is Galen L. Stone Professor of International Trade at Harvard University and the author of many research articles and books.

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