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@article{ART001468767},
author={David Arellano-Gault and Walter Lepore},
title={Economic Growth and Institutions: The Influence of External Actors},
journal={Journal of Regional Studies and Development},
issn={1738-3846},
year={2008},
volume={17},
number={2},
pages={1-43}

TY - JOUR
AU - David Arellano-Gault
AU - Walter Lepore
TI - Economic Growth and Institutions: The Influence of External Actors
JO - Journal of Regional Studies and Development
PY - 2008
VL - 17
IS - 2
PB - Institute for Poverty Alleviation and International Development: IPAID
SP - 1
EP - 43
SN - 1738-3846
AB - This paper analyzes the relationship among institutions and economic growth. Based on a review of the current literature on institutional analysis, in particular that related with New Institutional Economics (NIE), we identify and propose a means of integrating additional factors that need to be assessed. In our review, we focus on those studies that emphasize property and contractual rights as being the main explicative variables of economic growth. The principal hypothesis of this current of thought is that liberal (democratic) and market institutions are a prerequisite for encouraging investment, efficiency, innovation, employment, and consequently, economic growth. Latin America developing countries in terms of economic growth. Our results suggest that path dependence variables are as important as the variables traditionally set forth in the literature on NIE. Although our investigation is still in its infancy, in publishing this article we seek to complement NIE’s institutional analysis through introducing variables that are more realistic, complex and useful than the rather simplistic relationships between institutions and economic growth that NIE has heretofore proposed
KW - economic growth;institution;democracy;path dependence
DO -
UR -
ER -

David Arellano-Gault and Walter Lepore. (2008). Economic Growth and Institutions: The Influence of External Actors. Journal of Regional Studies and Development, 17(2), 1-43.

David Arellano-Gault and Walter Lepore. 2008, "Economic Growth and Institutions: The Influence of External Actors", Journal of Regional Studies and Development, vol.17, no.2 pp.1-43.

David Arellano-Gault, Walter Lepore "Economic Growth and Institutions: The Influence of External Actors" Journal of Regional Studies and Development 17.2 pp.1-43 (2008) : 1.

David Arellano-Gault, Walter Lepore. Economic Growth and Institutions: The Influence of External Actors. 2008; 17(2), 1-43.

David Arellano-Gault and Walter Lepore. "Economic Growth and Institutions: The Influence of External Actors" Journal of Regional Studies and Development 17, no.2 (2008) : 1-43.

David Arellano-Gault; Walter Lepore. Economic Growth and Institutions: The Influence of External Actors. Journal of Regional Studies and Development, 17(2), 1-43.

David Arellano-Gault; Walter Lepore. Economic Growth and Institutions: The Influence of External Actors. Journal of Regional Studies and Development. 2008; 17(2) 1-43.

David Arellano-Gault, Walter Lepore. Economic Growth and Institutions: The Influence of External Actors. 2008; 17(2), 1-43.

David Arellano-Gault and Walter Lepore. "Economic Growth and Institutions: The Influence of External Actors" Journal of Regional Studies and Development 17, no.2 (2008) : 1-43.