Institutional Efficiency and its Determinants
Subtitle: The Role of Political Factors in Economic Growth
By: Frank Bodmer, Silvio Borner and Markus Kobler
Contributors: Borner, Silvio; Kobler, Markus
Series: Development Centre studies; Development Centre Studies
Publisher: OECD Publishing
Published: 2004
Place of publication: Paris
Language: eng
Format: [electronic resource]:
Number of pages: 104
ISBN-13: 9789264106451
Subjects: Governance; Development
Description: New Institutional Economics (NIE) takes a multidisciplinary approach to understanding economic phenomena like growth, efficiency and income distribution. The authors of this book attempt to provide an integrated methodology, hitherto lacking in NIE, that analyses both the impact of institutions on economic development and the determinants that shape institutional quality. Using the case of Argentina, they use the analytical framework developed and explained in the book to test their theoretical hypotheses. They find that their concept of institutional quality and their delineation between economic and political institutions work in practice. In addition, their consideration of particular institutions – democracy and autocracy – and their reflections on the impact of "traditional" legal and cultural frameworks add a dimension to the book that gives it a controversial, but stimulating timeliness. At a time when national governments and international institutions are seeking ways to improve governance and accelerate growth, particularly in the poorer countries, this book provides valuable insights for policy makers and those who advise them. It offers convincing evidence about the quality of institutions as a determining factor in development and suggests how such quality might be improved.
Table of contents: title: Preface; title: Chapter One. The Economics of Institutions; title: Chapter Two: Growth and Institutions; title: Chapter Three. Institutional Quality and its Determinants; title: Chapter Four. The Institutional Measures; title: Chapter Five. Institutional Quality and Economic Development; title: Chapter Six. The Determinants of Institutional Quality; title: Chapter Seven. Argentina under Menem: A Case Study; title: Chapter Eight. Conclusions; title: Appendix. Data Sources; title: Bibliography