Economic Growth and Development
[t]he humanly devised constraints that structure human interaction. They are made up of formal constraints (e.g., rules,laws, co ...
clubs, athletic associations), and educational bodies (e.g., schools, universi- ties, vocational training centres). (1994:361) A ...
current institutions. Countries that experienced an extractive type of colonial- ism were years later likely to be poorer and le ...
mobilization by the poor promising political radicalism, high taxes and redis- tribution (for example, Chile in the early1970s). ...
Democracy, claims this new orthodoxy, is ‘good for growth’. Free public debate ensures politicians become more aware of what pub ...
adjudication and enforcement of individual rights is not similarly short- sighted. A further advantage of democracy, according t ...
conflicts and democratic political institutions can be a useful means of manag- ing conflict. In the face of an adverse shock (s ...
The organizations that come into existence will reflect the opportunities provided by the institutional matrix. That is if the i ...
mechanism. A registry of household ownership, for example, will make it easier to locate owners, undertake a purchase and re-reg ...
Evidence on property rights There are three broad strands of evidence supporting the importance of institu- tions as a deeper de ...
of written contracts, court-based litigation and protection through bribery or private security (Chapter 12 examines the role of ...
support to the argument that institutions have a positive and significant impact on income. In a later paper Acemoglu et al.(200 ...
historical evidence to show that now-developed countries also had poor insti- tutions during their initial transitions to rapid ...
Attempts at registration There have been some case studies of efforts to formally protect property rights. In the early 1990s th ...
The traditional land patrons (weg lowo) would often give temporary land rights to clients (jodak). State efforts to register pri ...
era (1950s to 1980s) organized research cartels to compel industrial firms to pool their efforts and avoid the duplication assoc ...
The First Industrial Revolution in Britain, toward the end of the eighteenth century, and the Second Industrial Revolution in Ge ...
accepts the standard advantages of property rights and explores the process of how they come into being. The creation of propert ...
equipment and new seed types. Large farmers may then accumulate land over time, not because they are more productive as farmers ...
rights reform as essentially a technical matter. The ‘accumulation by dispos- session’ view (see below) sees property rights as ...
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