Institutions: Evolution, Path Dependency, Anachronisms and Impact. Issue 2 (1st February 2016)

• Record Type: Journal Article
• Authors: Dimova, Ralitza; Savoia, Antonio
• Is Part Of: Journal of development studies. Volume 52:Issue 2(2016)
• Page Start: 161
• Page End: 165
• Publication Date: 2016-02-01
• Subjects: Economic development -- Periodicals; Economic history -- 1945- -- Periodicals; Developing countries -- Economic conditions -- Periodicals; Développement économique -- Périodiques; Histoire économique -- 1945- -- Périodiques; Pays en voie de développement -- Conditions économiques -- Périodiques; 338.91
• DOI: 10.1080/00220388.2015.1060319
• Languages: English
• ISSNs: 0022-0388

Abstract

Abstract: This Special Section builds on cutting edge developments in the literature on institutional change and its link to economic development. It throws fresh light on this link from both a microeconomic (firm and household level) and a macroeconomic (country and cross country level) perspective. The main message is that understanding the dynamics of institutional change is key to understanding the process of economic development, while understanding evolving institutions and their links to economic development requires an understanding of the state of flux and the heterogeneous characteristics of individual settings.