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来源类型Working Paper
规范类型报告
DOI10.3386/w9989
来源IDWorking Paper 9989
Institutional and Non-Institutional Explanations of Economic Differences
Stanley L. Engerman; Kenneth L. Sokoloff
发表日期2003-09-29
出版年2003
语种英语
摘要Although we cannot conceive of processes of economic growth that do not involve institutional change, in this essay we outline some reasons why one should be cautious about grounding a theory of growth on institutions. We emphasize how very different institutional structures have often been found to be reasonable substitutes for each other, both in dissimilar as well as similar contexts. The historical record, therefore, does not seem to support the notion that any particular institution, narrowly defined, is indispensable for growth. Moreover, we discuss how the evidence that there are systematic patterns to the ways institutions evolve undercuts the idea that exogenous change in institutions is what powers growth. Institutions matter, but our thinking of how they matter should recognize that they are profoundly influenced by the political and economic environment, and that if any aspect of institutions is crucial for growth, it is that institutions change over time as circumstances change.
主题History ; Macroeconomic History
URLhttps://www.nber.org/papers/w9989
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/567619
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GB/T 7714
Stanley L. Engerman,Kenneth L. Sokoloff. Institutional and Non-Institutional Explanations of Economic Differences. 2003.
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