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WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice

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dc.creator Voorend, Koen
dc.date 2019-04-26T15:27:31Z
dc.date 2019-11-7T08:46:00Z
dc.date 2006
dc.date.accessioned 2023-03-20T15:41:41Z
dc.date.available 2023-03-20T15:41:41Z
dc.identifier http://repositorio.iis.ucr.ac.cr/handle/123456789/292
dc.identifier.uri https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/215079
dc.description Institutions are hot! The international development community has adopted this buzzword in its discourses and policies. There is ample literature pointing to the importance of institutions for economic development, and this paper is not to deny this irrefutable fact. In fact, this paper provides evidence that institutions impact economic performance through human capital, rather than directly. However, it questions the relevance of the empirical literature for policymakers, and tries to take the next step by asking which institutions are important to income and/or growth, by categorizing them into economic, political, legal and social institutions. The analysis teaches us that it is difficult to answer this question, but not because research would not be able to do so technically. Rather, the measures for institutions that are currently available are ambiguous outcome measures that all capture similar information and hardly contain any policy information. Disaggregating indices and using straightforward measures of institutional quality, which actually capture a norm instead of an outcome, can provide a small step towards more practical policy advice.
dc.description UCR::Vicerrectoría de Investigación::Unidades de Investigación::Ciencias Sociales::Instituto de Investigaciones Sociales (IIS)
dc.format application/pdf
dc.language en
dc.publisher Insititute of Social Studies
dc.rights Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.rights https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subject Instituciones Políticas
dc.subject Economía
dc.subject Gobernabilidad
dc.title WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
dc.type tesis de maestría


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